The Intelligence from The Economist Over the Yoon: South Korea ousts president
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Apr 4, 2025 
Noah Snyder, East Asia bureau chief for The Economist, delves into the political turmoil in South Korea following President Yoon Suk-yeol's impeachment after his martial law declaration. He discusses the divided society and economic hurdles the nation faces. Snyder also introduces the intriguing concept of the 'Henry' – high earners not yet wealthy – and how their tax burdens differ from expectations. Additionally, he sheds light on the cultural stigmas surrounding tofu, showcasing its versatility and challenging its political associations.
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Yoon's Impeachment
- South Korea's Constitutional Court ousted President Yoon Suk-yeol for breaching the constitution by declaring martial law.
- This highlights the resilience of South Korea's democratic institutions but also exposes deep societal divisions.
South Korea's Challenges
- South Korea faces economic challenges due to the political uncertainty and Trump's trade policies.
- The next president must address these issues and navigate the complex relationship between America and China.
The Henry Dilemma
- High earners in the UK, known as Henrys, face high marginal tax rates and loss of childcare benefits.
- This impacts their financial well-being and disincentivizes work, potentially harming the economy.
