Trump tariffs pose a greater threat to South Korea’s economy than domestic political chaos, BOK official suggests

South Korea’s political turmoil is expected to subside within half a year, according to Bank of Korea official Soohyung Lee, who noted that past impeachments have led to quicker resolutions. However, concerns remain over potential tariffs on South Korean exports to the U.S., which could have a significant impact on the country’s economy. The proposed tariffs by President-elect Donald Trump could not only affect South Korea’s exports but also lead to inflation in the U.S., keeping interest rates high and impacting the Korean won.

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