South Korea threatened Slowing Economy

Economic growth in South Korea slowed in four years. This is shown from the Kospi index fell 11 percent.

As quoted from Bloomberg, Saturday (25/10/2008), shares in Seoul, also reached the lowest point since August 2003 due to the global economic crisis.

"There will be an emergency economic recession in the world. Currently they are focused on the banks and companies which will fall, the cause of which country will fall," said Fund Manager Thrivent Asset Management Michael Binger.

In addition, anjloknya share price does not only happen in Korea alone, the Standard & Poor's 500 index also experienced a decline of 3.5 percent.

However, the cutback is smaller than that occurred in Europe and Asia, which had fallen due bursanya disuspensi. While the FTSE 100 index for the sinking of five percent.

While Pound sterling to decline against the USD's largest since 1971. Based on government reports, this is an economic contraction during the first 16 years.

In addition, the price of oil also experienced a sharp decrease since 16 months ago, as well as the yen currency crisis concealing since 1995. reported by okezone.com