Seoul: Acting President Choi Sang-mok emphasized the importance of the early phase of Donald Trump's incoming administration for the South Korean economy, labeling it a "golden time" that could shape future economic outcomes. Choi stressed the necessity of a swift response to expected policy changes during a meeting with senior officials and leaders of the country's major state-run research institutions.
According to Yonhap News Agency, U.S. President-elect Donald Trump is set to begin his second presidential term, sparking concerns over potential shifts in U.S. trade policy and their effects on South Korea's export-driven economy. Choi noted that the initial period of the new U.S. administration, with its aggressive policy implementation, will significantly affect the future trajectory of the South Korean economy.
Choi highlighted the need for the South Korean government to adopt proactive measures and stressed the importance of a systematic and timely response to the specific policy changes anticipated from the U.S. administration. He also called upon the heads of research institutions to work in collaboration with the government to uphold South Korea's credibility in the global market, especially in light of ongoing domestic political unrest.