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The Korea Labor Institute said, "Impeachment has limited employment impact...If it's too long, it's bad."

2024.12.16 PM 02:22
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Although the impact of impeachment on employment will be limited, national research institutes have predicted that employment growth could slow significantly if the period is prolonged and external credibility falls.

According to the data received by Kim Hyun-jung of the Democratic Party of Korea from the Korea Labor Institute, there will be no significant change in the overall employment situation if the political decision-making process becomes clear and signals that government policies work systematically spread.

Therefore, it was pointed out that policy efforts for economic stability should follow around the National Assembly so that politics does not increase uncertainty in the overall economy in the impeachment situation.

However, he warned that if the economy in the steel and secondary battery industries deteriorates, restructuring occurs, and foreign confidence falls due to the prolonged impeachment, employment growth next year may be less than 100,000.



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