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  • Newsweek International

    South KoreaAsian tiger still roaring

    Jul 29, 2022 3 minutes

    South Korea has a strong, open and trade-dependent economy, with political parties fostering long-term economic growth. In June, South Korean President Yoon Suk-yeol promised to remove outdated regulations that he said were hindering new businesses, while also calling for an immediate start to reforms of labor practices, as well as the education system and pension program. This came as he introduced his new government’s economic policy framework, which would involve lowering the cost of living by helping reduce private sector production costs.

    Yoon, a former prosecutor-general and a relative newcomer to

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