Korean economy facing increasing risks from outside
The South Korean economy, internally constrained by sluggish consumption and investment, is also surrounded by growing external risks. The export-driven economy, in particular, is significantly dependent on its two biggest trading partners, the US and China. While the US is expected to have a new president after Tuesday’s election, in which both presidential candidates are strong protectionists, China is cautiously watching Seoul’s diplomatic and political moves and taking what appear to be retaliatory measures against Korean businesses. The most immediate point [...]
