Economic Challenges Await South Korea’s New President
Successfully resolving the tariff issue with the United States is essential for a strong economic recovery after months of uncertainty.
Successfully resolving the tariff issue with the United States is essential for a strong economic recovery after months of uncertainty.
If the United States and Korea are rowing in the same direction, the two countries should help set the pace for the rest of the world.
The imposition of reciprocal tariffs on Korea and the addition of import duties signify a sharp turn away from the KORUS FTA playbook.
The first quarter of 2025 marked the transition into what will likely be seen as a new global economic reordering.
President Yoon Suk-yeol, like many of his peers, try to disentangle likely changes in US economic policies by the second Trump administration.
With a host of pending initiatives, here are some of the top economic issues for the US-Korea relationship in the next US administration.
There were four main themes in this year’s meeting: moderating inflation, low growth, fiscal stress, and geopolitical risk.
Tuesday night’s presidential debate between Kamala Harris and Donald Trump helped narrow down the key economic issues on the docket.
The findings will determine what next steps Korea needs to focus on to move from the index of emerging markets to that of a developed one.
The OECD projects a GDP growth rate of 2.6 percent for Korea in 2024, which is substantially higher than the February 2024 outlook.