Economic challenges, retiring boomers and a controversial ambassador — Ep. 27

In this episode of The Korea Pro Podcast, co-hosts Jeongmin and John delve into South Korea’s economic outlook and demographic challenges.

They begin by examining the impending retirement of second-generation baby boomers and its projected impact on South Korea’s economic growth over the next decade. The hosts also discuss Prime Minister Han Duck-soo’s optimistic economic projections and contrast them with John’s analysis of key indicators that suggest a more vulnerable economy. The discussion covers the won’s performance against the dollar, its impact on exports and the government’s currency interventions.

Next, they explore the finance ministry’s recently announced $30 billion aid package for small businesses and President Yoon Suk-yeol’s criticism of opposition leader Lee Jae-myung’s cash handout proposal.

Jeongmin and John then shift gears to discuss an analysis written by a new contributor, Ruy Valdes, concerning a trend among South Korean youth: excessive caffeine consumption for academic performance. They share personal experiences from their time as students and education sector workers.

Finally, they look ahead to the upcoming departure of Chinese Ambassador Xing Haiming, recounting the controversies surrounding his tenure, including his “betting on China’s defeat” remark and its political fallout.

About the podcast: The Korea Pro Podcast is a weekly 15-minute conversation hosted by Editorial Director Jeongmin Kim (@jeongminnkim) and Editor John Lee (@koreanforeigner), diving deep into the most pressing stories shaping South Korea — and dissecting the most complicated ones for professionals monitoring ROK politics, diplomacy, culture, society and technology. Uploaded every Friday.

This episode was recorded on July 5, 2024 

Audio edited by Joe Smith