SEOUL: South Korea's ferry disaster has had a profound psychological impact on Asia's fourth-largest economy, shaking public confidence in the very foundations of the country's "miracle" development model.
The most tangible economic impact has been on domestic demand, as the mood of national grief at the loss of so many lives - most of them schoolchildren - has manifested itself in collective consumer abstinence.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!