South Korea's economy would boom if its president is impeached, research firm says

"We think Yoon's position is untenable: impeachment (if not this week then soon) followed by fresh presidential elections is highly likely," Green said.

"A DPP president would increase fiscal expenditure boosting H2/25 activity and likely tilt foreign policy towards closer ties with Beijing and Pyongyang," Green explained.

"A relatively quick political resolution would enable an emergency budget. More expansive fiscal spending in conjunction with another 50bps of policy rate cuts in H1/25 nudges up our GDP forecast to 2.1%," Green said.

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