Part 5/10:
Market analysts note that the historical context mirrors the political turmoil experienced during the previous administration. Previous instances of presidential impeachment have seen markets react, but the current situation is exacerbated by an uncertain global economic climate. The volatility surrounding South Korean assets and currency could intensify as the situation develops.
The Situation in France
Reflective of distress in Southern Europe, France is grappling with its own political turmoil, resulting from President Macron’s failed attempts to establish a strong parliamentary majority. The recent coalition between far-right leaders and left-wing parties has led to a no-confidence vote threatening the prime minister, raising alarms over instability within the French government.