The South Korean government has released its latest projections for the nation's economy and its economic policy plans for the latter half of the year.
The finance ministry has cut it's growth forecast for 2018 to 2.9%, down 0.1 percentage point from its three percent projection made earlier this year.
The ministry lowered its forecast for next year to 2.8%.
It also slashed its annual job growth estimate by about half to 320-thousand newly added jobs.
To help support the economy, the government said it will focus on job creation, income redistribution, and regulation reform.
Switching on, Japan has stepped up its territorial claims against South Korea's Dokdo island.
On Tuesday, Japan's education ministry posted a guide for high school teachers to teach -- STARTING NEXT YEAR -- that South Korea's Dokdo island is Japanese territory, and is called Takeshima.
Seoul called on Tokyo to immediately withdraw the plan.
Noh Kyu-dik, spokesperson of South Korea's Ministry of Foreign Affairs, said the South Korean government deems it very regrettable that the Japanese government revised its teaching manual for high school s to strengthen unjust claims over South Korea's Dokdo island and strongly demands an immediate withdrawal of the claims.
Seoul pointed out that Japan would be missing an opportunity to move forward by reflecting on past mistakes.
Source: Arirang News
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