Can South Korea's Yoon weather an economic perfect storm?

Voter discontent mounts ahead of all-important general elections next April

20231106 Yoon Big Storm

South Korean President Yoon Suk Yeol is grappling with an alarming assortment of negative economic data. (Nikkei montage/Source photos by EPA/Yonhap/Jiji and AP) 

HIROSHI MINEGISHI, Nikkei senior staff writer

TOKYO -- South Korean media have a new buzzword to describe a potential convergence of economic ills affecting the country: perfect storm.

Newspapers and pundits use the phrase -- taken from a nonfiction book about a monster hurricane off New England in 1991 -- to portray the danger confronting the nation. They warn that if all the risks surface simultaneously, that could create a perfect storm devastating the economy.

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