Troubled South Korea’s export strength may weaken
2025; Emerald Publishing Limited; Linguagem: Inglês
10.1108/oxan-db292349
ISSN2633-304X
Tópico(s)Korean Peninsula Historical and Political Studies
ResumoSignificance Meanwhile, ongoing political turmoil in Seoul has negative implications for policy and the economy, spooking investors and weakening the won. In an unprecedented move, the budget was passed without inter-party agreement. Seoul has revised GDP growth forecasts downwards even though exports reached a record high last year. Meanwhile, concerns about suspected Chinese dumping loom large. Impacts Minister of Economy and Finance Choi Sang-mok will find it hard to focus purely on the economy now that he is acting president. The longer political uncertainty lasts, the more consumer and investor sentiment will slide, and South Korea’s sovereign ratings may suffer. Political developments could deliver the opposition Democratic Party the power President Yoon Suk-yeol has lacked to enact policy.
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