Ahmet Bedirhan Arvas 
US President Donald Trump, in his statements in Washington, expressed his satisfaction with the rise in the stock market while turning his attention to developments in South Korea. Trump said, “It is pleasing to see stocks going up. However, what is happening in South Korea is noteworthy. I don’t know if this is a liquidation or a revolution. If something like that happens, it would be impossible to do business there.”
Trump’s remarks about “liquidation or revolution” refer to structural transformations and political tensions in South Korea. However, according to analysts, there is no sudden revolution or destructive crisis; rather, economic reforms, diplomatic balancing efforts, and tensions originating from North Korea are coming to the forefront.
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Trade and Defense at the Forefront of the Summit
On August 25, at the summit held between the US and South Korea, the two countries decided to strengthen cooperation in trade and defense. South Korea pledged investments in strategic sectors such as semiconductors, shipbuilding, and battery production. As part of the shipbuilding plan announced by Trump under the slogan “Make America Shipbuilding Great Again (MASGA),” South Korea committed to an investment of $150 billion.
The South Korean National Assembly passed a significant law changing the governance structure of large corporations. The new regulation stipulates that audit committee members will be elected through separate votes and facilitates minority shareholders’ representation. This step aims to reduce the long-debated “Korea discount” issue in the South Korean stock market. However, the business community voiced objections, warning that the reforms could increase management conflicts.
China and North Korea Factor
Before the summit, the Seoul administration sent a message to Beijing calling for the “normalization” of economic relations. In this way, South Korea is trying to pursue a balanced foreign policy with both the US and China.
On the other hand, harsh statements from North Korea are increasing tensions in the region. Kim Yo Jong accused South Korea of being a “proxy of the US” while rejecting the possibility of dialogue between the two countries.
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