South Korea’s economy has been in recession in recent years. What is the reason for this?

Mainly because South Korea implemented THAAD. This move was strongly resisted by Chinese consumers, which led to a decline in South Korea's tourism industry, a decline in the entertainment industry, and a decline in automobile exports. South Korea's economic pillar industries are all declining, so naturally its economy will not be prosperous. will rise.

South Korea has always been a country with a relatively developed economy. Moreover, its culture is also very unique. There are a lot of Chinese and Japanese tourists traveling in South Korea every year. But now it seems that South Korea's economy is indeed beginning to lag behind. This is mainly closely related to South Korea's implementation of THAAD.

The most powerful evidence that these industries are facing decline and fall is layoffs. Now many large Korean companies are laying off employees on a large scale. Because only in this way can expenditures be reduced, cost reductions for some Korean companies can be ensured, and South Korea's economic development level can be maintained.

Some large conglomerates such as Samsung have cut costs through layoffs. Only by doing this can they maintain the economic downturn and protect their company's profits. And their layoffs are likely to continue. Because we cannot predict the business prospects, and only by reducing the number of employees can the company reach a stable level of economic development.

The main reason is that the implementation of THAAD has made it difficult for some neighboring countries to develop. It is difficult for South Korea's economy to develop originally, and it is even more difficult to develop due to the implementation of THAAD. If this continues, only the decision to lay off workers can maintain the current economic development and bring South Korea's economic level to a stable state.