Fed rate cut, Yoon’s Czech visit and university reform proposal — Ep. 39

In this episode of The Korea Pro Podcast, co-hosts Jeongmin and John are joined by Korea Pro’s junior correspondent Joon Ha to explore recent developments in South Korea’s economic, diplomatic and educational sectors. The discussion begins with an analysis of the Federal Reserve’s decision to cut its benchmark interest rate by half a percentage point, marking the first reduction in four and a half years. The team examines the potential implications of this move for South Korea’s economy. Next, they turn their attention to President Yoon Suk-yeol’s state visit to the Czech Republic. The team delves into Yoon’s efforts to encourage Prague to finalize its decision to collaborate with Korea Hydro and Nuclear Power in constructing the European country’s nuclear power plant. Joon Ha then presents insights from his recent analysis for Korea Pro, focusing on the Bank of Korea’s proposal to reform the country’s university admissions system, which aims to address economic inequality stemming from South Korea’s highly competitive academic culture. Looking ahead, Jeongmin notes that South Koreans have returned to work following the Chuseok holidays, including the National Assembly. She highlights two significant developments: the renewed push for a special prosecutorial investigation into the first lady and the main opposition party’s unilateral passage of a bill mandating state support for regional gift vouchers. About the podcast: The Korea Pro Podcast is a weekly 15-minute conversation hosted by Editorial Director Jeongmin Kim (@jeongminnkim) and Editor John Lee (@koreanforeigner), diving deep into the most pressing stories shaping South Korea — and dissecting the most complicated ones for professionals monitoring ROK politics, diplomacy, culture, society and technology. Uploaded every Friday. This episode was recorded on Sept. 19, 2024 Audio edited by Gaby Magnuson