Korea: trade deal, fiscal stimulus priorities for next president

Given the widespread public anger toward the impeached former president Yoon Suk Yeol of the People’s Power Party (PPP), following his botched attempt at declaring martial law, Lee Jae-myung of the Democratic Party (DP) appears poised to become Korea’s next president. His immediate priorities will likely include passing a fiscal stimulus package and negotiating a new trade deal with the United States. With the DP holding a parliamentary majority, enacting the stimulus should be relatively straightforward. However, securing a new trade agreement with the US may prove more challenging.