South Korea says alliance holds after US midterms
· Economy · South Korea · United States
South Korea's presidential office said Thursday it does not expect the US midterm results to affect the South Korea-US alliance. The comments came as a parliamentary audit revealed friction in the alliance as Washington's priorities shift, and analysts warned that a divided Washington could add to uncertainty for Seoul. Separately, South Korea's finance minister said the country is seeking to turn its current economic boom into sustainable growth beyond a chip-led expansion.
Why it matters:Seoul is bracing for a more unpredictable Washington on security, trade and North Korea policy, with implications for the region's alliances.
Key points
- Seoul's presidential office downplayed alliance risk.
- A parliamentary audit showed friction in the US alliance.
- The finance minister seeks growth beyond chips.