South Korea's political crisis dragging down economy
A cloud of uncertainty hangs over South Korea, with the country still reeling from President Yoon Suk Yeol's short-lived declaration of martial law in early December.
The political crisis has already hit the nation's economy. The stock market appears to be unstable, its currency — the South Korean won — continues to lose value and foreign investors are shifting to alternative markets.
Most of these problems stem from a political power struggle at the top. Yoon is refusing to cooperate with the investigation into his actions and has defied orders for his arrest.
Meanwhile, the Constitutional Court is deliberating on whether he can be impeached and the opposition Democratic Party is demanding an immediate general election.
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But business in South Korea are also unsettled by Donald Trump returning to the White House later this month.
Ahead of the US election,Trump referred to South Korea as a "money machine" and hinted he would ask Seoul to pay billions of dollars more to station US troops.
The president-elect has also pledged wide-reaching international tariffs to push his "America first" agenda.
"To put it mildly, a lot of the political unrest that we have seen over the last month has yet to be resolved," said Kim Sang-woo, a former........
© Deutsche Welle
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