Posted 11/12/2023, 12:00:00 AM
Yoon Faces 'Perfect Storm' of Economic Woes as South Korea Braces for Critical 2023 Election
- President Yoon Suk Yeol faces economic challenges like high inflation and weak growth
- "Perfect storm" describes convergence of risks like rising rates, trade deficits, weak currency
- Elections in April 2023 seen as critical test for Yoon amid voter discontent
- Negative economic data alarms policymakers and media in South Korea
- Yoon administration scrambles to address high household debt, youth unemployment