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Economy

South Korean economy enters rough seas as chips lose steam

Moon struggles to right the ship after ill-timed wage hikes

South Korean President Moon Jae-in faces declining public support after his enactment of a minimum wage hike prompted small businesses to fire workers.    © Reuters

SEOUL -- South Korea's economy appears headed for a slowdown in 2019, as chipmakers send industrial output sliding and other key industries such as automobiles are expected to remain soft.

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