The World On arirang

U.S. President Joe Biden’s economic plan dubbed ‘Bidenomics’ is set to provide an opportunity to the South Korean economy in many aspects. The Biden administration’s ambitious stimulus plan, anti-protectionist policies, and multilateral trade measures are considered positive catalysts to the South Korean economy heavily dependent on exports. As many experts predict the dollar will stay relatively weak with the U.S. expected to continue printing more money even in the Biden era, the overflowing liquidity is set to positively impact the South Korean stock market as well.
President Moon Jae-in said the South Korean economy would recover by the end of the first half of this year during the New Year press conference on January 18th. We bring in experts to discuss whether Bidenomics will benefit the South Korean economy moving forward.