Reported 1 day ago
South Korea's business confidence has plunged, showing the largest drop since the pandemic began, amidst political instability and fears of economic repercussions from tariff threats. The Bank of Korea's index for January fell by 7.3 points to 82.4, the steepest decline since April 2020. Concerns grew after President Yoon Suk Yeol's brief declaration of martial law, resulting in a weakened currency and shaken investor sentiment. The country's economy, already struggling due to cooling export momentum and uncertainties around Donald Trump's potential return to power, is bracing for further monetary easing from the central bank.
Source: YAHOO