Jan 23 2025 18 mins 8
In this episode, Jeongmin, John and Joon Ha discuss three key developments impacting South Korea’s political and economic landscape.
First, Donald Trump has officially taken office as the 47th President of the United States. While South Korea was not mentioned in his inaugural address or his executive orders, his remarks about a potential review of the USMCA may hint at how his administration could approach the KORUS FTA. South Korean Foreign Minister Cho Tae-yul and U.S. Secretary of State Marco Rubio held a phone call, but discrepancies in their press briefings suggest possible diverging priorities in the Indo-Pacific region.
Next, Bank of Korea Governor Rhee Chang-yong made an unprecedented call for fiscal stimulus to revive South Korea’s struggling economy. Although both the ruling People Power Party and the main opposition Democratic Party might agree on supplementary budgets, the timeline for action may hinge on the Constitutional Court’s decision on President Yoon Suk-yeol’s impeachment and the potential scheduling of the next presidential election.
Finally, the Corruption Investigation Office for High-Ranking Officials (CIO) has requested the prosecution indict Yoon over his failed martial law bid. Yoon has exercised his right to remain silent, further highlighting the CIO’s limitations in enforcing compliance. Meanwhile, Democratic Party leader Lee Jae-myung has petitioned the Constitutional Court to review election laws following his recent conviction for disseminating false information during the 2022 presidential campaign.
About the podcast: The Korea Pro Podcast is a weekly 15-minute conversation hosted by Editorial Director Jeongmin Kim (@jeongminnkim) and Editor John Lee (@koreanforeigner), diving deep into the most pressing stories shaping South Korea — and dissecting the most complicated ones for professionals monitoring ROK politics, diplomacy, culture, society and technology. Uploaded every Friday.
This episode was recorded on Thursday, Jan. 23, 2025.
Audio edited by Gaby Magnuson
First, Donald Trump has officially taken office as the 47th President of the United States. While South Korea was not mentioned in his inaugural address or his executive orders, his remarks about a potential review of the USMCA may hint at how his administration could approach the KORUS FTA. South Korean Foreign Minister Cho Tae-yul and U.S. Secretary of State Marco Rubio held a phone call, but discrepancies in their press briefings suggest possible diverging priorities in the Indo-Pacific region.
Next, Bank of Korea Governor Rhee Chang-yong made an unprecedented call for fiscal stimulus to revive South Korea’s struggling economy. Although both the ruling People Power Party and the main opposition Democratic Party might agree on supplementary budgets, the timeline for action may hinge on the Constitutional Court’s decision on President Yoon Suk-yeol’s impeachment and the potential scheduling of the next presidential election.
Finally, the Corruption Investigation Office for High-Ranking Officials (CIO) has requested the prosecution indict Yoon over his failed martial law bid. Yoon has exercised his right to remain silent, further highlighting the CIO’s limitations in enforcing compliance. Meanwhile, Democratic Party leader Lee Jae-myung has petitioned the Constitutional Court to review election laws following his recent conviction for disseminating false information during the 2022 presidential campaign.
About the podcast: The Korea Pro Podcast is a weekly 15-minute conversation hosted by Editorial Director Jeongmin Kim (@jeongminnkim) and Editor John Lee (@koreanforeigner), diving deep into the most pressing stories shaping South Korea — and dissecting the most complicated ones for professionals monitoring ROK politics, diplomacy, culture, society and technology. Uploaded every Friday.
This episode was recorded on Thursday, Jan. 23, 2025.
Audio edited by Gaby Magnuson
