Credit ratings agency Moody's forecasts South Korea's economy to grow next year at a relatively weak 2-point-1 percent.<br />It's also pessimistic about Korean companies.<br />Moody's said told a press briefing in Seoul today that export dependent companies are seeing weaker profitability because of trade disputes.<br />This is especially true, it said, for industries that are in a down cycle like semiconductors and chemicals.<br />The agency has given negative outlooks to 14 out of 24 rated companies.<br />Korea's sovereign credit rating, however, will stay at the second-highest level of double-A.<br />
