South Korea sharply cuts growth forecast for 2025 after martial law fiasco

South Korea’s government trimmed its economic growth forecasts for 2025 amid political turmoil following President Yoon Suk Yeol’s martial law decree.

Korea’s Ministry of Economy and Finance said on Thursday that it now projects a growth rate of 1.8% for 2025 and 2.1% for 2024. These projections are