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Political Turbulence Clouds South Korea’s Economic Outlook

• Randall S. Jones

South Korean President Yoon Suk Yeol’s short-lived declaration of martial law on December 3, 2024, and his subsequent impeachment on December 14 have plunged the country into its worst political crisis in nearly 40 years, with some signs of a negative economic impact. The economy was already showing signs of weakness before the December political crisis. The additional concerns about political instability have led some forecasters to downgrade their outlook for Korea in 2025.

10 Issues to Watch for on the Korean Peninsula in 2025

• Sang Kim

The year 2024 ended with South Korean President Yoon Suk Yeol’s declaration of martial law, his impeachment by the National Assembly, and the ensuing political turmoil and uncertainty. While 2025 will be largely defined by South Korean efforts to regain normalcy and stability in its domestic and global affairs, as well as the inauguration of the Donald Trump administration, other key issues will define and impact the Korean Peninsula this year.

Martial Law in South Korea: Understanding the Why

• Havin Baik

On December 3, 2024, South Koreans and people across the globe alike were stunned when
President Yoon Suk Yeol declared martial law in a late-night, unannounced address. This marked the first use of martial law since South Korea’s transition to democracy in the late 1980s, reviving memories of the country’s authoritarian past and prompting widespread domestic backlash.

Addressing South Korea’s Provider-to-Patient Ratio Crisis

• Destiny Kanning

South Korea’s healthcare system, often lauded for its universal access and quality, is facing an emerging uneven provider-to-patient ratio crisis. This disparity disproportionately affects rural and underserved regions, where access to medical care is severely limited compared to urban centers. With an aging population and increasing rates of chronic illnesses, the strain on the healthcare system is increasingly growing.