Bumpy road ahead for South Korean economy after failed martial law

Quick Summary:

Prime Minister Han Duck-soo on Dec 8 pleaded for swift handling of the budget proposal.

On Dec 6, ASEAN+3 Macroeconomic and Research Office predicted that the South Korean economy would grow 1.9 per cent in 2025.

SEOUL - As the fate of embattled President Yoon Suk Yeol is likely to stay in limbo for longer than expected, concerns are mounting over pending economic measures that need to be addressed to rev up the country’s slowing growth.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Economic Economy Growth Week Budget Market Cent 2025 Country’s Korean South

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 08:15:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 908 words

Reading Time: 6 minutes read

Sentences: 27 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24249441

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 9 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 13 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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