"Korea is losing time due to political crisis"

[Anchor]
Critics point out that South Korea's ability to negotiate with the U.S., which is passing through the impeachment process, is weakening.

Analysts say that time is being lost due to the political crisis, not the economic crisis.

Reporter Kwon Young-hee reports.

[Reporter]
The confusion in Korea was mentioned at a seminar held by the Washington International Trade Association on tariffs.

"We're losing time to prepare for Trump" diagnoses.

All attention is paid to internal politics and domestic issues, which are adversely affecting our ability to prepare for what is to come.

Global investment bank Lombard Odier predicted, "Korea's political uncertainty will represent a final phase in the first quarter of next year."

At the same time, he evaluated that there is a high risk that the Korea discount will get worse and worse in terms of the market.

He explained that he sees this phase as a political crisis rather than an economic crisis.

The Korean government is also well aware of this situation.

[Han Deok-soo / Acting President: The internal and external conditions facing the Republic of Korea are very difficult. Uncertainty in the economy and trade environment is growing.

A quick response to the economic crisis triggered by the political crisis is the only way to waste a little less time.

[Trin Nguyen / Natixis Chief Economist: We really need a strong government that can secure a budget for financial support to meet a lot of challenges in the long run.]

Fortunately, the national credit rating is still stable.

S&P, Moody's, and Fitch are making stable judgments without changing Korea's credit rating.

In contrast to the downgrade of France's credit rating due to political instability.

They evaluated that they felt Korea's institutional strength and resilience.

I'm YTN's Kwon Younghee.

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video: Han Kyung-hee