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Large South Korean companies are taking preemptive measures to downsize their workforce amid the continuing global economic slowdown. With an economy more than 90 percent dependent on exports, South Korea's largest manufacturers as well as banking and financial firms are introducing early redundancy programs and merger restructuring; companies include Samsung Electronics, GM Korea, Citibank Korea and Hyundai Heavy Industries. Follow our Facebook on: https://www.facebook.com/presstvchannel Follow our Twitter on: http://twitter.com/presstv Follow our Tumblr on: http://presstvchannel.tumblr.com