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South Korea's Economic Outlook: Challenges Ahead
This chapter discusses the economic outlook for South Korea, focusing on the IMF's recent downgrade and the implications for the export-driven economy. It covers concerns surrounding rising household debt, potential rate cuts by the Bank of Korea, and inflation trends, while also examining the effects of U.S. trade policies on South Korean exports. The conversation highlights the competition in the semiconductor industry and China's technological advancements amid ongoing geopolitical tensions.