Weakening Outlook for South Korea's Economic Strength
Emphasis on Crisis Transition for Corporations and Individuals
Sejong University announced on the 27th that Professor Kim Dae-jong of the Department of Business Administration has published 'The Great Economic Outlook for a Growing 2025,' which contains an analysis of economic trends.
Professor Kim, who served as the director of the Korea Institute of Business and Economics, lectures on 'Corporate Survival Strategies and the 2025 Economic Outlook' at the National Assembly, Ministry of Trade, Industry and Energy, Korea Electric Power Corporation, Korea Chamber of Commerce and Industry, and others. He is also active on multiple broadcasts including the three major terrestrial broadcasters.
Through this book, Professor Kim predicted a base interest rate cut in Korea and the United States next year. He also diagnosed that the Korean economy will experience sharp fluctuations due to the U.S. presidential election and two ongoing wars.
Professor Kim explained, "Next year, the base interest rates in the U.S. and Korea will be lowered, and due to the U.S. presidential election and two wars, the Korean economy will experience sharp ups and downs. Korea's trade dependence is 75%, ranking second in the world. The country lives off exports and imports."
He added, "For companies and individuals to survive, mobile strategies, government procurement, subscription economy, and the introduction of artificial intelligence are most important. The Korean economy performed well in semiconductors, electric vehicles, and batteries in the first half of this year, but Korea's strengths are expected to weaken in the second half and next year."
Regarding companies and individuals, he emphasized, "They must turn crises into opportunities. Since a U.S. base interest rate cut is expected in November, Seoul apartments and stocks will rise, so investment should be diversified with 90% in the U.S. and 10% in Korea."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
