Macroeconomics

South Korea Finance Minister Sees Political Turmoil Weighing on Economic Growth

December 23, 2024, 01.34 PM | Source: Reuters
South Korea Finance Minister Sees Political Turmoil Weighing on Economic Growth

ILUSTRASI. The South Korean won last week hit its weakest level in 15 years amid domestic political uncertainty. REUTERS/Kim Hong-Ji

KOREA SELATAN - SEOUL. South Korea's finance minister said on Monday some slowdown in economic growth would be unavoidable as the government prepares to revise forecasts for this year and next year due to the country's ongoing political turmoil.

"There are concerns that the sentiment may be weakening due to the recent political situation," Choi Sang-mok told reporters.

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