South Korean economy resilient despite tensions - IMF Chief

South Korea's economy is expected to demonstrate high resilience this year despite the geopolitical risks and other challenges it faces, according to Christine Lagarde, the Managing Director of the International Monetary Fund (IMF). Lagarde reaffirmed the IMF's growth forecast for South Korea at 3% for both this year and the next. In a recent interview, Lagarde addressed concerns regarding the situation in North Korea and the potential impact of trade restrictions. She emphasized the interconnected nature of global trade, highlighting that decisions made by one country can have far-reaching consequences for many others, even those not directly involved in the trade dispute. The IMF has been actively studying the spillover effects of trade changes in the Asian region, analyzing the impacts on countries like Vietnam, Laos, and Cambodia. Lagarde noted that the IMF will continue to closely monitor and examine the consequences of any trade disruptions in the future. Despite the uncertainties posed by geopolitical tensions, Lagarde expressed confidence in South Korea's economic resilience and its ability to navigate through challenging times.