[Yoon Seok-yeol Dismissal] Sangui "Respect Constitutional Court Decision... Efforts for Economic Recovery"

"Expectations for Stabilizing State Affairs
to Restore the Economy"

On the 4th at 11:22 a.m., the Constitutional Court unanimously dismissed President Yoon Seok-yeol. The business community expressed respect for the court's ruling while hoping for the normalization of state affairs to restore the economy.

The Korea Chamber of Commerce and Industry (KCCI) stated immediately after the dismissal decision, "We respect the Constitutional Court's decision," and added, "The business community will spare no effort to ensure the sustainable growth of our economy."

The Constitutional Court unanimously dismissed President Yoon Seok-yeol at 11:22 a.m. on the 4th. Yonhap News

KCCI emphasized, "Currently, our economy faces complex domestic and international challenges, including domestic demand stagnation, weakening competitiveness of key industries, U.S. tariff measures, and the spread of protectionism," and stressed, "Considering the severe economic situation, it is now time to move beyond social confrontation and conflicts and promptly normalize state affairs."

They also added, "We hope efforts for economic recovery and stabilization of people's livelihoods will continue."

Since the inauguration of the second Trump administration, uncertainties in trade policies, including tariffs, have increased, causing Korean companies to struggle in preparing responses, but there has been a significant gap in diplomatic and trade leadership. The business community views the upcoming early presidential election within 60 days and the inauguration of a new government as an opportunity to dispel uncertainties and revitalize the economy. In particular, there is a strong voice hoping that the new government will actively address urgent tasks such as restoring foreign investment, stabilizing the exchange rate, resuming external negotiations, and processing key legislation.