In the aftermath of martial law...Government's "Slowing Employment, Increasing Downward Pressure on the Economy"

Downward economic pressure is increasing due to the employment shock and weak economic sentiment following the aftermath of the December 3 martial law, the government said.

The Ministry of Strategy and Finance said in its January economic trend that the Korean economy has recently slowed employment and increased downward pressure on the economy due to weak economic sentiment caused by increased uncertainties at home and abroad.

The global economy is showing an overall recovery, but uncertainties such as the possibility of changes in the trade environment have increased while geopolitical risks remain.

As a result, the government said it will manage the economy as stable as possible by cooperating with related agencies through a meeting of economy-related ministers as a control tower.