Most domestic South Korean businesses are concerned about the Kim Jong Eun system, according to a new survey by the Korea Chamber of Commerce and Industry. <\/p>\n
The \u2018Kim Jong Eun Succession to Power and Economic Impact\u2019 survey of 300 enterprises, including 100 engaged in economic projects involving North Korea, revealed that fully 96.2% of respondents are \u2018uncertain or apprehensive\u2019 about the Kim Jong Eun system. <\/p>\n
27.9% of those surveyed said the harm to the domestic economy of a destabilizing North Korean regime could be \u2018considerable\u2019, while another 51.9% said it could be \u2018moderate\u2019.<\/p>\n
Businesses in petrochemicals (36.4%), automobiles (34.2%), machinery and metals (27.8%) and foods (26.8%) were the most likely to anticipate \u2018considerable\u2019 harm to the economy. Respondents said that harm was most likely in terms of financial market confusion (50.6%), shrinking demand due to uncertainty (26.5%) and shrinking export demand (18.0%).<\/p>\n
\u201cUnlike the temporary shocks of the past caused by provocations, this time it is about the North Korean system\u2019s existence and the shortness of the successor\u2019s preparation time, so the duration of the risk will be long and its effect very large,\u201d the KCCI commented, adding, \u201cIt would be best if enterprises keep a close eye on events and develop plans to counter the uncertainty.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Most domestic South Korean businesses are concerned about the Kim Jong Eun system, according to a new survey by the Korea Chamber of Commerce and Industry. The \u2018Kim Jong Eun Succession to Power and Economic Impact\u2019 survey of 300 enterprises, including 100 engaged in economic projects involving North Korea, revealed that fully 96.2% of respondents […]<\/p>\n","protected":false},"author":151,"featured_media":18450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wikipediapreview_detectlinks":true,"footnotes":""},"categories":[67],"tags":[],"class_list":["post-18448","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"\n