By CGTN’s Jack Barton
South Korea's financial authorities have sought to minimize the market impact of Park Geun-hye’s impeachment, citing the nation's proven ability to ride out instability.
The impeachment itself is unlikely to overly impact the markets or South Korea’s economy, but big challenges do lie ahead for the next president.
Many economists say it’s not so much the current political crisis, as political bickering in general.
There’s also an alleged growing tendency for opposition parties in the national assembly to try block any legislation proposed by a rival party, regardless of what the law proposes.
South Korea is also trying to make its economy more nimble, innovative, and driven by small and medium businesses.
The country will hold a snap election in early May, with boosting economic growth being one of the key challenges for the next president.
