"South Korea's economy faces political turmoil, Trump's second period of double shock"

The British Financial Times diagnosed that the Korean economy faced a double political shock of the aftermath of martial law and U.S. President Trump's return to power.

The Financial Times said on Tuesday local time that the political situation in Asia's fourth-largest economy has added to existing problems such as the depreciation of the won and slowing growth.

It also predicted that if Trump's protectionist trade and immigration policies boost U.S. inflation, the U.S. central bank and the Federal Reserve will become more hawkish, putting further pressure on the South Korean economy.

In particular, it analyzed that the ability to respond to Korea's economic issues, as well as policy makers' attempts to lobby the Trump administration regarding political turmoil, has been paralyzed by the domestic political crisis.