Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
South Korea is projected to recover faster compared to other countries that were also battered by the COVID-19 pandemic. Based on the prediction, the country will be able to rise up again at a faster rate this year.
Mainly, South Korea was named as the fastest country to recover because it has systematically dealt with the pandemic crisis. Its swift response to the situation is another reason why the region will be able to get its economy back up and running smoothly as before.
But of course, the demand for advanced technology worldwide will also help South Korea to regain back its high status when it comes to economic health. The region is a known hub for technology, so it starts to trade again in the international markets, businesses will eventually rebound, and the economy will grow.
Experts revealed opinions on SoKor’s economic recovery in 2021
The Korea Times also interviewed experts to give their views on how they see South Korea’s economy will develop this year. Sohn Sung Won, a professor of economics at Loyola Marymount University, believes that South Korea will get back its healthy economic status before the coronavirus pandemic struck the country at a faster pace.
"The Korean economy will show the quickest return to the pre-pandemic peak among OECD countries," he said. "After contracting about 1 percent in 2020, the Korean economy should grow by 3 percent or more in 2021."
He added that his positive outlook stemmed from the fact that he thinks there will be an increase in demand for South Korean-made electronic goods, semiconductors, and advanced healthcare items.
Christian de Guzman, VP and senior credit officer at Moody's, a company that provides services in the area of credit ratings, research, and analysis for the global capital markets, also think that the country will go back to its booming economy level in no time.
"We see Korea returning to its 2019 levels of real GDP before all other G20 advanced economies, a group that includes the U.S., euro area, Japan, Canada and Australia," De Guzman stated.
Korea’s stock market
It appears that the prediction is correct as Asia Times reported that the stock market of South Korea at the end of 2020 showed high record marks. Apparently, the country’s economy already started to pick up even before the new year starts.
It was revealed that the strongest business that pushed the stock market to rise was the tech sector. The other business sects are also expected to recover slowly and help South Korea’s economy to recover quickly.
