AdvertisementSouth Korea's President Yoon faces likely impeachment after a "botched coup" attempt, TS Lombard said.
The firm predicts a new election could boost South Korea's economy and lead to friendlier relations with China.
A knock-on effect of South Korea President Yoon Suk-yeol's "botched coup" attempt earlier this week could be a stronger economy, according to GlobalData TS Lombard.
In a Wednesday note, research analyst Rory Green said the martial law episode that unraveled earlier this week suggests President Yoon will be impeached and replaced soon.
Alternatively, Green said South Korea's economic growth rate would nudge lower if a presidential election is delayed past April.
Persons:
Yoon, Lombard, Yoon Suk, Rory Green, Kim Jong, Green, Yoon's
Organizations:
Democratic People's Party, GlobalData, Gallup
Locations:
China, Korea, South Korea, Beijing, Pyongyang