A figure indicating early signs of turning points in the business cycle... strongly suggests the Korean economy is heading towards a recession.<br />Data by the OECD released Sunday show the composite leading indicator, which has been falling since March last year,... was down again in August by a tenth of a point from the previous month to 99-point-2.<br />That's the longest period... since the aftermath of the Asian financial crisis between 1999 and 2001... when the figure dropped for 20 consecutive months.<br />The composite leading indicator takes into account various economic figures including those from the Bank of Korea, Statistics Korea and the country's main stock index, the KOSPI. <br />
