Geopolitics And Global Slowdown Weigh On South Korea’s Economy – Analysis

By Troy Stangarone

After expanding by 2.6 per cent in 2022, South Korea’s economy cooled in 2023. Waning global demand for South Korean exports, continuing geopolitical challenges and weakening domestic demand saw growth decelerate to an estimated 1.4 per cent. While economic growth is expected to pick up in 2024, over the...