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The depreciation of the Malaysian ringgit has prompted economic concerns, but key indicators show promise with inflation declining and unemployment holding steady. Encouraged by the 'China+1' model and the burgeoning semiconductor industry, Malaysia could capitalise on overseas interest by strengthening its existing semiconductor ecosystem and focusing on structural reforms, such as encouraging the right investments, developing a skilled workforce and enhancing industrial ecosystems.
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Voters overwhelmingly rejected the South Korean conservative agenda in the 2024 parliamentary elections. President Yoon Suk-yeol, already a massively unpopular leader, will likely face calls to resign from within his own party amid a potential investigation of First Lady Kim Keon-hee. Despite this, foreign policy will be the one area where Yoon may be able to make some progress. He will likely continue to strengthen ties with Japan, the United States and Europe despite the legislative deadlock at home.