South Korea economy continues to slow down

South Korea’s economy continued to slow down for four straight months on uncertainties at home and abroad, a think tank said on Tuesday. The Korea Development Institute said in its monthly report on economic conditions that the economic slump continued in terms of both production and demand, keeping such assessment since November last year. In the production front, output in the manufacturing and services sectors showed a low growth rate, while slowdown in the construction sector was seen, according to the KDI report.