Restoring Rivers to Help Revitalize Economy

By Chung Jong-hwan

External economic conditions remain unfavorable for the Korean economy, with oil prices resurging from the beginning of the year and overseas demand for Korean goods slumping. People are suffering from high consumer prices and weaker income, while companies and small business runners are bleeding on sluggish domestic demand. The global economic crisis is the worst since the Great Depression that would come once in a century. Korea's small and open economy is facing tough sailing ahead.