UNDERGROUND GROWTH
CITY FOCUS | SEOUL
Samsung Electronics , the largest company in the country and the world ’ s largest manufacturer of electronic goods , has its headquarters in Seoul . In 2019 , the company reported sales in excess of $ 221bn and controls more than $ 304.1bn worth of assets .
Korea ’ s total exports fell by 10.3 % in 2019 to $ 542.4bn after reaching a record high in the previous year , due to the US-China trade dispute , Japan ’ s restrictions on exports , Brexit , and
Hong Kong protests . As the country enters 2020 , market experts are reportedly optimistic , buoyed by a rally in the price of microchips and electronic goods , as well as the government ’ s economic support and efforts to reduce income inequality .
UNDERGROUND GROWTH
The meeting point between economic stimulus and sustainable strategy in Seoul is taking place in the city ’ s
78
MARCH 2020