TAG Managing Director & Co-Chair of Digital Practice, George Chen, Spoke to the South China Morning Post on U.S.-China AI Competition
TAG Managing Director & Co-Chair of Digital Practice, George Chen, spoke to the South China Morning Post on U.S.-China AI ...
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
TAG Chairman Dr. Kurt Campbell Speaks to Nikkei in a Wide-Ranging Interview
TAG Managing Director & Co-Chair of Digital Practice, George Chen, Spoke to the South China Morning Post on U.S.-China AI Competition
TAG Managing Partner Amb. Kurt Tong Writes on why U.S. Tariffs Weaken Washington’s Strategic Position Vis-A-Vis China
The Asia Group Expands Korea Practice with Seoul Office