ING warns of political uncertainty in S. Korea

ING’s economic and financial analysis believe that uncertainty surrounding South Korea’s economy and politics remains high and is likely to dampen sentiment if the situation persists.

They are concerned about the political situation’s potential impact on South Korea’s credit rating. The rating agency does not foresee immediate changes but acknowledges the fluid situation could prompt a reassessment of the country’s creditworthiness.

The economic consequences of the political unrest are also a cause for concern. The last presidential impeachment had a significant negative impact on consumer and business sentiment, leading to a slowdown in economic activity.

Attribution: ING report

Subediting: M. S. Salama