Seoul: South Korean President Moon J has taken action to dismiss the finance minister and its economic policy advisor following the collapse of the economic growth rate. Teen Korea is Asia's 4th economic stronghold and the world's 11th largest economy. There have been some changes in economic policy recently. These actions had a negative effect. With this policy favorable to large corporations, small firms are losing and being closed down. The condition of low-income earners has worsened.
Economic growth which was 3.1 percent last year fell to 2.7 percent. Unemployment rose from 0.4 percent to 3.8 percent. Due to this, Kim Ton Ian, the finance minister, has dismissed his economic policy adviser Jung Ha Sang, chief of the chancellor Moon J's. Kim Sue Hayn has been appointed as a consultant for Hank Our Gay as Finance Minister instead. Moon J has ordered them to take immediate steps to compensate for the economic growth decline
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