Political instability and a falling won: what lies ahead for South Korea’s economy?
South Korea’s economy is deteriorating, squeezed by political instability and a weakening currency. The won has lost over 12% of its value against the dollar in 2024, making it Asia’s worst-performing currency.
Bank of Korea governor says resolving political turmoil key for economy
South Korea's central bank governor said on Thursday that the most important factor determining the health of Asia's fourth-largest economy in the next few months was whether recent political turmoil would stabilise.
Bank of Korea holds rate steady at 3%, citing exchange rate volatility
South Korea’s central bank kept the interest rate unchanged at 3.0%, pausing a series of rate cuts that began last October. This decision comes despite growing concerns about heightened political uncertainties caused by the martial law crisis and sluggish domestic demand.
South Korea’s central bank freezes rates amid weakened economy and political turmoil
By bno - Taipei Bureau South Korea's central bank has opted to keep its benchmark interest rate unchanged at 3% despite mounting concerns over the country's economic performance. This decision follows two consecutive rate cuts in October and November,
South Korea jobless rate hits 3-1/2-yr high amid political uncertainty
South Korea's jobless rate jumped to the highest in 3-1/2 years in December, as political turmoil stoked economic uncertainty and dampened sentiment, data showed on Wednesday, a day ahead of the central bank's first monetary policy meeting of the year.
Korea’s economy looks like it’s shrugging off Yoon’s impeachment crisis. Don’t be fooled
War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political ...
The Heritage Foundation11h
An Agenda for the U.S.–South Korea Strategic Economic Partnership in 2025 and Beyond
In his November 7, 2017, speech to South Korea’s National Assembly, then-President Donald Trump unambiguously noted that “this alliance between our nations was forged in the crucible of war and ...
Govt. notes 'increasing downward pressure' in latest economic report
The South Korean economy faces "increasing downward pressure" due to heightened uncertainties both at home and abroad, ...
South Korea President’s Arrest Shows Peril as Trump Returns
South Korean investigators managed to arrest impeached President Yoon Suk Yeol on Wednesday while avoiding a violent clash in ...
RTE Online4d
How South Korea became a cultural powerhouse
Squid Game's second season is the latest instalment of Korean culture's economic success story – so what's the secret?
dw12d
South Korea's political crisis dragging down economy
And the latest economic storm comes after months of weak ... and the pressure that he may put on Seoul to renegotiate the South Korea-US free trade agreement," said Mason Richey, a professor ...
朝日新聞社11d
South Korea’s central bank cuts a key rate to nurse a slower economy
SEOUL--South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it initially anticipated.
Dawn8d
Talks begin for economic partnership with South Korea
ISLAMABAD: South Korea’s Trade Minister Inkyo Cheong ... market of 250 million people make it a critical partner for Korea’s economic growth plans. Mr Cheong also announced his intention ...