The South Korean economy is noticeably sputtering, especially in comparison to stronger post-COVID recoveries elsewhere in Asia.
Korea’s exports are down 15 percent year-on-year. Meanwhile, interest rate hikes by the Bank of Korea (BOK) to stem inflation have been largely successful but have hit the country’s USD 107 billion housing market and construction industry especially hard. Housing prices fell in April for the eleventh straight month and are down about ten percent from their peak last summer. Residential real estate is the largest class of assets for most Korean households, so a drop in values can have a strong and negative wealth effect on household spending.
Mr. Campbell is the chairman of the Asia Group and a former deputy secretary of state. President Trump’s second-term approach ...
Shailender Arya in The Hindu Business Line: ‘The conclusion of security and defence partnership between India and EU provides strategic intent and intimate policy guidance for closer defence industrial cooperation between the Indian and European defence industries’
“The old world is gone, clearly. But what is the new world? We don’t know yet,” said Zhu Min, a ...
Scroll to Top
You Are Applying For:
South Korean Economy Facing Headwinds
Apply Now
Submit the details below, and our HR team member will get in touch with you shortly.
The Asia Group is an equal opportunity employer where an applicant’s qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law. The Asia Group continually seeks to diversify its staff, particularly to broaden opportunities for individuals from demographic groups that are historically underrepresented in the strategic advisory profession.
Media
Commentary
South Korean Economy Facing Headwinds
The South Korean economy is noticeably sputtering, especially in comparison to stronger post-COVID recoveries elsewhere in Asia.
Korea’s exports are down 15 percent year-on-year. Meanwhile, interest rate hikes by the Bank of Korea (BOK) to stem inflation have been largely successful but have hit the country’s USD 107 billion housing market and construction industry especially hard. Housing prices fell in April for the eleventh straight month and are down about ten percent from their peak last summer. Residential real estate is the largest class of assets for most Korean households, so a drop in values can have a strong and negative wealth effect on household spending.
Listen on:
Related Posts
Han Lin interviewed by BBC on PM Starmer’s Beijing visit
Kurt Campbell’s op-ed on U.S.-China relations featured in The New York Times
Shailender Arya in The Hindu Business Line: ‘The conclusion of security and defence partnership between India and EU provides strategic intent and intimate policy guidance for closer defence industrial cooperation between the Indian and European defence industries’
Front Row with George Chen: Davos Declared the Death of “Old World,” But Here is a Glimpse of the “New World”