The Korean Chamber of Commerce and Industry (KCCI) and the Korean Enterprise Federation (KEF) on December 27 called on this country’s politicians to focus on minimizing the negative impact on the economy after the impeachment decisions.
“Uncertainty about the Korean economy is growing stronger after the impeachment of the acting president, although macroeconomic indicators and external confidence in the Korean economy remain stable,” Yonhap quoted a KCCI official as saying.
The electronic board on the exchange rate between USD and won was shown on December 27
Earlier on the same day, the South Korean parliament voted to impeach acting President Han Duck-soo, less than 2 weeks after he took over the job of President Yoon Suk Yeol, who was impeached on December 14 related to his actions. declare martial law.
The KCCI official mentioned above said that impeachment moves could weaken the local currency, lower the government’s credit rating, push up inflation and affect domestic consumer spending. Meanwhile, KEF said the business community is very concerned about the political crisis that is putting pressure on the Korean economy.
The decision to impeach Mr. Han Duck-soo came from the fact that when he held the acting presidency, he affirmed that he would not appoint 3 Constitutional Court judges until the parties reached a political agreement. Appointing the above judges will ensure that the Korean court has enough 9 judges to promote the impeachment trial of Mr. Yoon Suk Yeol.
South Korean Minister of Economy and Finance Choi Sang-mok on December 27 became the next person to assume the presidency of South Korea. Speaking in his new position, Mr. Choi pledged to prioritize stabilizing domestic issues and minimizing confusion, affirming the close alliance between Seoul and its US and Japanese allies, and calling on the Korean military to The country is on high alert.
