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World Business Report, South Korea presidential election: how will it affect the economy?

World Business Report

South Korea presidential election: how will it affect the economy?

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June 3, 2025

26 minutes

Available for 27 days

Polls have closed in South Korea’s presidential election, where people have been voting to elect a new leader, six months after the former president tried to bring the country under military rule. We look at the economy, the US trade negotiations and speak to local business owner.

Also, the world economy is slowing - and the OECD says Donald Trump’s trade tariffs are a big reason why.

Meanwhile, the US has set a Wednesday deadline for trade partners to put forward what they're calling "a best offer" on trade to avoid future tariffs. What is the response from the EU? We hear from the EU Spokesperson on trade talks.

And the UK government is threatening legal action against Russian billionaire Roman Abramovich, over the 3.3 billion dollars raised from the sale of Premier League soccer club Chelsea. What will happen next?

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