News: 2024.12.28
61-year-old Choi Sang-mok is a senior economic technocrat. The 2025 budget he is taking over has been slashed by 4.1 trillion won (approximately NT$91 billion) by the largest opposition Democratic Party. Li Ze, an analyst at Capital Economics, said that South Korea's political turmoil has had an impact on the economy, and this situation may lead to economic instability.
Political turmoil in South Korea has had a considerable impact on the economy. The 2025 budget that Choi Sang-mu took over was significantly cut, which will pose certain challenges to South Korea's economic development. Political instability may lead to a decline in investor confidence, thereby affecting economic performance.
Capital Economics analyst Li Ze pointed out that the impact of political turmoil on the economy cannot be ignored. He believes that political stability is the key to maintaining economic stability, and hopes that the Korean government can stabilize the situation as soon as possible and create a good environment for economic development.
Despite the challenges of political instability, South Korea's economy still has potential. Economic technocrats such as Choi Sang-mok will work hard to cope with various difficulties and promote stable economic growth. I believe that with the joint efforts of the government and experts, the Korean economy will usher in a more prosperous future.
In general, the political turmoil in South Korea has had a certain impact on the economy, but it has also inspired all parties to actively respond to challenges and promote stable economic development. It is hoped that the Korean government and people will unite as one to overcome difficulties and achieve long-term economic prosperity.