Korea's Political Chaos Has Limited Economic Impact

Daniel Moss, Opinion Columnist, Bloomberg

06-Dec-24 07:45

Korea's Political Chaos Has Limited Economic Impact

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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,

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