LG Elec CFO: downturn could last up to 1-½ yrs
SEOUL, July 21 (Reuters) - The global economic downturn could last one to 1-½ years, the chief financial officer at LG Electronics Inc (066570.KS: Quote, Profile, Research, Stock Buzz) said on Monday, adding that the company had seen it visibly impact orders since June.
"The slowdown could last a while because it's associated with a fall in asset prices," David Jung, LG's CFO, told reporters on the sidelines of an investor meeting. (Reporting by Rhee So-eui; editing by Jonathan Hopfner)
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