Impeachment politics unlikely to affect South Korean economy ...Middle East

Seoul: Bank of Korea (BOK) Governor Rhee Chang-yong said on Thursday that the current political climate surrounding the opposition’s move to impeach President Yoon Suk Yeol is unlikely to affect South Korea’s sovereign ratings and growth momentum given the country’s solid market fundamentals. Rhee made the point during a press briefing in Seoul, two days after Yoon declared martial law in a surprise late-night address, which was lifted about six hours later after the National Assembly voted to reject it. The opposition side then filed a motion to impeach Yoon, Yonhap news agency reported. “The Korean won weakened due to the negative news. But it is forecast to rise if there are no new shoc

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Impeachment politics unlikely to affect South Korean economy ...Middle East

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