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Economy

South Korean economy set to pick up in 2020 in Moon election boost

President's Democrats seen winning legislative poll, but demographic woes loom

South Korean President Moon Jae-in's Democratic Party is leading in the polls ahead of April's legislative election.    © Reuters

SEOUL -- South Korea's economy is set to rebound slightly in 2020 thanks to easing trade war tensions and expansive fiscal and monetary policy, but tight regulations and rising labor costs are likely to limit growth over the next 12 months.

However, a bigger concern over the coming decade is a looming demographic "time bomb" stemming from the country's fertility rate, one of the world's lowest.

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