South Korea's Moon replaces economic policy aides as trade war bites

SEOUL: South Korean President Moon Jae-in sacked both of his top economic policy aides on Friday as Asia's fourth-largest economy cools sharply due to prolonged Sino-US trade frictions.

"There has been criticism about the way policies are executed and so today's appointments appear to be more aimed at speedier implementation of policies than at changing policies," said Choi Seok-won, head of research at SK Securities.South Korea's economy surprisingly contracted by 0.4per cent in the first quarter from the previous quarter, and some global investment banks see full-year growth falling from 2.

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