Asiana Airlines, Korean Air struggle as Korean economy goes through dark days - share price wrap

South Korea's airlines are struggling amid a sharp downturn in the local economy. Korea's GDP contracted 5.6% in the last quarter, the biggest fall since the Asian financial crisis, as exports and consumer spending slumped. Consumer confidence fell to a ten-year low in Dec-08, but rose marginally in Jan-09, helped by a recent official interest rate fall to a record low 2.5% this month.