MERS Infects Korea's Economy
South Korea's MERS outbreak is a public health crisis that has grown to become a political and economic problem. On Wednesday, President Park Geun Hye announced she was canceling a weekend visit to the U.S. to deal with the crisis. One day later, Bank of Korea Governor Lee Ju Yeol cut interest rates to a record low citing the spread of Middle East respiratory syndrome as a threat to growth.
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