If the current trend maintains its pattern through the second half of the year, the inflation rate for this year is projected to record below the targeted two percent-level. Regarding producer price index in July, it dropped by 0.2 percent compared to the same month of last year. The decrease in the price of agricultural and fishery products, as well as the industrial products, contributed to the fall. Compared to the end of last year, the index was a 1.6 percent decrease. I do not expect that Daewoo's financial troubles and proposed sale of assets would lead to labour unrest.
Nobody fights on a sinking ship.
The workers know strikes would not save the Titanic Daewoo, Kim Ho-jin, head of Korea's labour relations committee.