Major newspaper headlines on December 12 cover economic uncertainty and social impacts resulting from the impeachment situation. While analysis suggests minimal overall impact on the broader economy, venture capital investment has frozen and large corporations face unclear business continuation prospects. Institutional investors, meanwhile, have continued purchasing stocks and led the KOSPI higher. Socially, a railroad union strike was resolved after one week of all-night negotiations, and a drug-related crime incident occurred. Internationally, the U.S. Congress agreed to maintain U.S. forces in South Korea, and China began discussions on economic stimulus measures.
