South Korea’s new president, Lee Jae-Myung, inherits a weak and fragile economy, battered by domestic political turmoil, natural disasters, and US tariffs. His immediate priorities will be stimulating growth and restoring business and consumer confidence. The Korean Treasury bond curve is expected to steepen, while the KRW is seen appreciating

South Korean President Lee Jae-myung assumes office with a bulging in-tray, from a deepening economic slump and global trade war to mounting concerns over military ties between nuclear-armed North Korea and Russia.