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Impact of KCTU strike on South Korea's economy by Q1 2025?
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Resolution / Starting Odds
Significant negative impact • 25%
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Economic reports from South Korean government or international financial institutions
Story
South Korea's Largest Union Calls for Indefinite Strike Until President Yoon Resigns
Dec 3, 2024, 11:33 PM
South Korea's largest labor union, the Korean Confederation of Trade Unions (KCTU), has announced an indefinite general strike starting tomorrow, demanding the immediate resignation of President Yoon Suk-yeol. The strike comes in response to President Yoon's brief declaration of martial law, which was rescinded within hours. The KCTU, representing over 1 million members, has called for its members to rally in Seoul and other regions to oppose Yoon's actions.
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Manufacturing • 25%
Transportation • 25%
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Yoon resigns • 25%
Strike ends without resignation • 25%
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Earnings significantly lower than Q2 2024 • 25%
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GDP decreases by more than 1% • 25%
GDP decreases by 0.5% to 1% • 25%
GDP decreases by less than 0.5% • 25%
No significant impact on GDP • 25%