Seoul, South Korea (APP) – South Korea’s high economic think tank eliminates its development prediction The economy of the country For the second time in four months on Tuesday, US President Donald Trump expressed concern over the impact of the spread of prices.
The Korea Development Institute has now increased the South Korean economy by 1.6 percent in 2025, which is 0.4 percent points lower than its previous estimates announced in November.
Kim Jeevan, a KDI economist, said that after the inauguration of Trump, the “malfunction of the commercial environment” is an important factor. South Korea is also suffering from political instability due to the guilty and criminal President Yun Sik Yul’s Criminal offense Then when he briefly imposed martial law in December.
“Domestic demand is weak due to consumer costs and slowing down the declining job market,” said Jung Kiwule, head of the KDI’s macroeconomic analysis department, and the pace of exports slowly with most important industries. The victim is struggling to find the speed of semi -conductor. The war said that if Trump’s trade initiatives intensified or dragged into South Korean political turmoil, the KDI’s estimates could be further reduced.
The war said in a briefing, “In November, we assumed that Trump’s raising measures would move slowly over time and could not be done so fast this year, but targeting countries like China. The tariff has already increased. ” “We expected that uncertainty would be resolved gradually after the Trump administration took power, but now we are in a situation where uncertainty has increased.”
Trump has announced plans to impose 25 % of taxes on all foreign steel and aluminum this week, followed by a decision to impose a 10 % duties on all Chinese imports last month, as he resetting global trade Forcing aggressive pressure.
The war said that Trump’s steel and aluminum prices would probably not have any major impact on the South Korean economy, as these products are less than 1 percent of its exports to the United States. However, Trump says he is also considering revenue on cars, semidicators and pharmaceuticals.
Jung said, “Since our semiconductor exports are sufficient, the economic effects will be sufficient if this sector is affected.”
