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Issues and prospects for 2024

2024.02.13.

2024 is the year of the “Super Election,” featuring nationwide elections in 76 countries worldwide, including South Korea and the United States. Depending on the election outcomes, significant shifts are anticipated in the global and Korean economies, industries, and international trade policies. 


Domestically, various risk factors are surfacing in corporate activities, such as the regulation of online platform market dominance, the slowdown in demand for electric vehicles and batteries, and the future trajectory of the Inflation Reduction Act (IRA) in the U.S., as well as environmental regulations on internal combustion engine automobiles. Nonetheless, amidst these challenges, opportunities are also arising, such as increased government policy support for urban air mobility (UAM), biotech/healthcare, and defense industries.


In response to these dynamics, Yulchon LLC presents a comprehensive report titled "Issues and Prospects for 2024," which delves into analyzing the environmental, policies, and institutional concerns across major industries this year, including elections in 2024, finance, M&A, pharmaceuticals/biotech, online platforms & mobility, and defense.


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