The two biggest stories of 2019 in South Korea were a series of meetings between US President Donald Trump and North Korean leader Kim Jong-un to discuss the denuclearization of North Korea in the first half of the year, and the trade war with Japan in the second half. President Moon Jae-in’s income-led growth policies still have not stimulated the economy. In fact, South Korea’s macroeconomic performance was virtually at a standstill; the economic growth rate in 2019 has stayed below 2.0%, showing no sign of turnaround.
South Korea in 2019: Little Progress in Denuclearization of North Korea and Poor Macroeconomic Performance
Sung Deuk Hahm is chairman of the Korea Institute of Presidential Studies. He was editor-in-chief of Korea Journal, Korean Social Science Journal, and International Review of Public Administration, co-editor of Administration and Society and International Public Management Review, and managing editor of Governance. Email: <email@example.com.>
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Sung Deuk Hahm; South Korea in 2019: Little Progress in Denuclearization of North Korea and Poor Macroeconomic Performance. Asian Survey 1 February 2020; 60 (1): 61–68. doi: https://doi.org/10.1525/as.2020.60.1.61
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