The Presidential Daily Brief

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    China’s Slump Squeezes South Korea

    They shouldn’t have put all their nest eggs in one basket. South Korea’s financial health is tied up with that of China — and as the world’s second-largest economy slows to a crawl and Japan’s devalued currency makes for tough export competition, the southern part of the Korean peninsula is seeing its economy shrivel along with its much-bigger neighbors. But some think that by strategically boosting small companies and the service sector to diversify its longstanding manufacturing export-driven system, South Korea could pull itself out of the skid.

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