LG Economic Research Institute expects South Korea's economic growth rate to drop further next year to one-point-eight percent.
In a report Thursday,... it also revised down this year's forecast to two percent from the previous in April of two-point-three percent.
It blamed sluggish exports especially in semiconductors forecasting the global economic slowdown and the U.S.-China trade war to continue into next year.
It said this will hurt the domestic economy,… causing companies to reduce investment and employment.
Slower growth next year is also forecast by the Morgan Stanley and South Korea's Institute for the Future of State.