If the martial law situation is prolonged, it will

If the martial law situation is prolonged, it will have too much negative impact on the Korean economy.

The Korean economy is not good now because the U.S. economy was not so good a year to a year and a half ago.

South Korea tends to follow the U.S. economy, so if the U.S. economy is good, the warmth spreads with a period of one to one and a half years from the Korean economy. There may be a high level of economic combination between South Korea and the United States, but it is correct to assume that the U.S. economy has an impact on the global economy.
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The Korean economy has clearly declined since the fourth quarter of 2022, but there was no answer except to hold out because it was a common cyclical pattern. This is because exports account for more than 15% of GDP than other countries, so cyclical cannot be avoided.

But this year, the economy has recovered somewhat. By July, it had clearly recovered, and in August and September, it took a breather. From October, there was a partial improvement.

Meanwhile, the good news is that the U.S. economy is now very active. It was also time for Korea to bet that the economy will improve from 2025.

No matter how much Samsung Electronics hits, rising NAND flash memory prices will improve profitability, and Hynix, a NAND master, will almost fly. Hyundai Motor has been doing so well, so it was time to take a breather and maintain it from next year.

In the difficult petrification side, the exchange rate would stabilize if Samsung/Hanik pulled the dollar, and it seemed that they could restore their competitiveness by lowering the cost ratio. Joseon/Revacuation is a picture that works well if you only do what you used to do.
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But martial law broke out.

If this situation is prolonged, the Republic of Korea will be excluded from the US economic boom cycle. Then, Korea will miss one economic growth cycle. Although the Republic of Korea has experienced several crises, it has never missed the US economic growth cycle.

During the IMF bailout, the US also experienced a period when the dot-com bubble burst and the economy contracted, so when the US economy recovered, the Korean economy also recovered. The rapid recovery of the IMF was due to the fact that the US economy was able to export a lot.

The 2008 subprime mortgage crisis was also an economic crisis triggered by the financial crisis in the United States. We recovered together when the United States recovered because our economy deteriorated due to the influence of the United States. When the US economy recovered with the iPhone, Samsung Electronics followed closely and ate the fruits of the US growth cycle.
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But martial law is.

While the U.S. economy is overheating, only South Korea has greatly increased the probability of being excluded from the cycle.

If Korea misses this U.S. economic growth cycle, if it misses this cycle due to martial law, it will not grow.

When all other countries grow, but we are the only ones who fail to grow, it means regression.
Retreating from super-competitive exporting countries means permanent loss of competitiveness.

I'm more worried than during the Covid-19 period.