Is South Korea's Recovery For Real?

Investors are back, but ordinary citizens are still feeling lots of pain

It's sale time at Seoul's cavernous department stores, but the crowds aren't buying much. "I'm just browsing so I can haggle for a better price at another outlet--if I decide to buy at all," says 27-year-old Nam Chang Soo as she eyes a discounted television set at Lotte Department Store in downtown Seoul. "The news says the economy is picking up, but ordinary people like myself don't believe it."

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