China’s Economic Slowdown Affects South Korea’s Major Industries

A general view of the Busan Port in Busan, South Korea, on Nov. 5, 2021. Busan Port, located in the southeast of the Korean peninsula, makes a substantial contribution to Korean economic growth by handling about 75 percent of container cargo. Chung Sung-jun/Getty Images

News Analysis

With China’s sharp economic slowdown, South Korea worries that its export industry—including semiconductor, steel, and other major industries that rely heavily on the Chinese market—will suffer a huge setback.