뉴스 속 영어 어휘 및 표현들 - Experts Worry About South Korea’s Economy

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Experts Worry About South Korea’s Economy

peak 절정, 정점, 최고조

The Hyundai Research Institute recently suggested in a report that the economy “reached its peak in May 2017.”

 

concern about ~에 대해 우려하다

Economists are also concerned about other issues, such as rising household debt, Kim So Young said.

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approval rating (대통령 등에 대한) 지지율

The finding comes at a difficult time for South Korean President Moon Jae-in, whose public approval ratings have been falling.

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slow down 속도가 떨어지다, 둔화되다

Kim So Young is an economics professor at Seoul National University. He told VOA that the economy is slowing down, but at present, “it’s not at its worst.”

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be faced with ~에 직면하다

The economy is faced with downward risks, such as deepening trade disputes,” he said.

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minimum wage 최저 임금

Sung said that the higher cost of wages for workers, including an increase in the minimum wage, have hurt businesses.

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social overhead capital 사회간접자본(SOC)

The Hyundai Research Institute’s Chung Min said that rules do need to be changed to support investment in the economy. He called for more spending on what is called social overhead capital​, known as SOC. These are things that society considers important, like libraries, public parks and community projects, which are not directly linked to industry.

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interest rate 금리, 이율

The Hyundai Research Institute has called for economic changes, including a cut in interest rates. It also suggested that the budget permit additional spending in the first half of 2019.