The honeymoon period of the Lee Jae-myung administration is over - South Korean media

One of the most important achievements the Lee Jae-myung administration hopes to achieve in its sixth month in power is the revitalization of the stock market, or more specifically, the KOSPI.
The current administration is booming, surpassing 4,000, a figure that no previous administration had managed to achieve. This is a stark contrast to the previous administration, which was unable to break out of the 2,000 range.
Another success is that it has helped to boost the domestic economy, which had been in a state of stagnation. Although the government has been criticized for loosening fiscal policy, it seems that the domestic demand environment is better than before.
This has helped boost investment sentiment, reviving the KOSPI and the real estate market in Seoul and the greater Seoul area. There are also diplomatic gains.
The tariff negotiations, which were held in the past, also went rather well. Although there are some within the White House who rate it poorly, the majority of people believe that the worst-case scenario has been avoided.
This is being praised as a demonstration of President Lee's ability to handle such situations. What is the issue that is causing the Presidential Office the most nervousness at the moment? As of mid-November, the
Dong) The prosecution has given up on appealing the charges against the group accused of illegal development. This is clear from the words and nuances used by the spokesperson and those in the presidential office, but they are not even taking it up.
What has been left out of the focus of attention is the current economic situation. Until now, the economy has always been neglected in the political arena, centered around the National Assembly. Only real estate in Seoul and the metropolitan area has skyrocketed.
Real estate prices in the countryside, including metropolitan cities, have plummeted. This can be seen as a direct reflection of the imbalance facing South Korea.
KOSPI is performing well, but KOSDAQ is sluggish, and exchange rates and interest rates are unstable.
The dollar/won exchange rate is weak against the yen and pound, as well as the dollar/won exchange rate. In other words, it can be said that there is still a lot of demand for foreign currency for overseas investment.
This means that many are still not optimistic about the outlook for the Korean economy. Interest rates also appear to reflect this. Interest rates in the bond market are rising.
Even Korea Electric Power Co.'s bonds, which are considered good loans, have barely been able to complete bidding. Such rising interest rates could be a negative factor for the economy's future recovery.
This is because it may make it difficult to lower the base interest rate. Everyone starts work with their own beliefs. However, when they actually start work, they think, "Maybe that's not true."
This is because the unexpected will happen. The honeymoon period is over, and the Lee Jae-myung administration is just getting started. The presidential aides must be feeling this very clearly.
It is not easy to gain public understanding.