South Korea: Economy Stalls Amid Political Turmoil and US Trade Pressure

By Nato Balavadze

In this paper we discuss:

• Recent political developments, with the failed coup and new presidential elections;
• Recent macroeconomic developments;
• The structure of the Korean economy: from export powerhouse to structural slowdown;
• President Lee’s plan to revive the Korean economy.

Download PDF: South Korea Economy June 2025