South Korea’s Economy in 2016 Overshadowed by Chaebols’ Crisis

Min-Hua Chiang

East Asian Policy (EAP), 2017, vol. 09, issue 01, 127-138

Abstract: South Korea’s economy continued to be impacted by its waning exports in 2016. With moderate expansion in domestic consumption and services, economic growth rate rose to 2.7% in 2016, 0.1% more than in 2015. The impact of President Park Geun-hye’s political scandal on the domestic economy has been constrained so far. It remains to be seen whether strong opposition from society to some chaebols’ involvement in Park-Choi corruption cases will lead to weaker government-chaebols ties in developing the economy in the future.

Date: 2017
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DOI: 10.1142/S1793930517000101

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