South Korea’s Factory Activity Faces Longest Downturn in at Least 19 Years
According to a Reuters article, South Korea’s factory activity has experienced its longest downturn in at least 19 years. The country’s manufacturing sector has been grappling with various challenges, including supply chain disruptions, a global semiconductor shortage, and the ongoing impact of the COVID-19 pandemic. The article highlights that South Korea’s manufacturing Purchasing Managers’ Index (PMI) dropped to 48.4 in …