Andrew Gilholm, director of analysis practice for Greater China and North Asia at Control Risks, speaks during an interview with The Korea Herald at a hotel in Seoul on Monday. (Lee Sang-sub/The Korea Herald)
This year’s US presidential election is expected to be the biggest geopolitical risk for Korean companies already reeling from supply chain disruptions and protectionist policies amid an escalating Washing-Beijing rivalry, according to a global specialist in risk management.
“The US election could have more direct impacts on Korean businesses in several markets (compared to other risk factors),” said Andrew Gilholm, director of analysis practice for Greater China and North Asia at Control Risks, the UK-based global risk and strategic consulting firm, during an interview with The Korea Herald on Monday.
“The second Biden administration (if elected,) is still going to pursue industrial policy that protects American interest, and it would probably be intensified under the Trump administration.”
Korean chip and automotive industries, among others, are expected to face heightened uncertainty as the US and China continue to clash over control of key industrial areas…
