Changing lopsided industrial structure key to reviving economic growth

YASUHIRO GOTO, Nikkei senior staff writerAugust 12, 2015 13:00 JST | South Korea

TOKYO -- South Korea is in a prolonged economic slump. The country's economy grew just 0.3% in the April-June quarter over the previous quarter, falling below 1% for the fifth straight quarter. The Bank of Korea, the country's central bank, in July further lowered its growth projections for this year by 0.3 point to 2.8%.