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(From The Korea Herald)
Half of chief executive officers of the nation's 100 largest companies are concerned that the business conditions in Korea are now heading for a downturn, a poll showed yesterday.
In a survey of the top-100 company CEOs by the Korea Employers Federation, 49 percent said that the possibility of domestic business circumstances slipping into a slump is high, while another 8 percent said that the cycle has already entered the phase of a downturn.
Reflecting the widespread skepticism, 97 percent of the polled CEOs forecast that Korea's economic growth rate for 2003 would fall from this year's estimate of 6.2 percent.