Korea's Political Chaos Has Limited Economic Impact
Daniel Moss, Opinion Columnist, Bloomberg
06-Dec-24 07:45
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Calls for impeachment are echoing across South Korea after President Yoon Suk Yeol’s failed attempt to declare martial law on Tuesday sparked political turmoil. In response, the Bank of Korea rushed to restore investor confidence amid the ‘Korean Discount’ and a fluctuating Won, quickly implementing emergency measures to stabilize the market. Will these actions be enough to attract investors and repair the country's reputation in the global market? Daniel Moss, Opinion Columnist at Bloomberg shares his perspective.
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Produced by: Adani Binti Mohamad Zaidi, Aimi Azreena
Presented by: Wong Shou Ning, Philip See
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Categories: markets, politics, government, international, controversies, financial wellness, investments
Tags: south korea, President Yoon Suk Yeol, impeachment, martial law, investor confidence, investment, korean won, stock market, bloomberg,