Now Beckham’s gone

Thanks to SARS, wars, Chinese entrepreneurialism and post-World Cup depression, white-collar workers in South Korea are experiencing tough times.

2003 has turned out to be a difficult year for South Korea. Its economy is expected to grow by 3-3.5 per cent in 2003 – just half the six per cent achieved in 2002 when the World Cup helped buoy economic growth and boosted consumer spending. Now the World Cup circus is long departed, it is facing a slump in consumer confidence as the recent severe acute respiratory...

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