In this episode of The Korea Pro Podcast, Jeongmin and John examine the wide-ranging implications of Donald Trump’s election victory for South Korea. The discussion begins with an analysis of how Trump’s return to the White House could affect Seoul’s defense posture, including growing skepticism about the U.S. nuclear umbrella despite recent initiatives like the Washington Declaration. They explore how this might amplify calls for an independent South Korean nuclear program and raise questions about the recently finalized Special Measures Agreement.

The conversation then turns to economic implications, particularly regarding the future of the Inflation Reduction Act. While Trump has promised to dismantle this legislation, John explains why Republican congressional support for the act’s job-creating benefits in red states might complicate these plans. He suggests that instead of abolishing the law outright, Trump might pivot from the current subsidy-based approach to a tariff-focused strategy.

Jeongmin highlights the diplomatic dynamics at play, noting President Yoon Suk-yeol’s swift congratulatory message to Trump and their subsequent 12-minute phone call, where North Korea emerged as a key topic. The hosts discuss the significance of their planned meeting and Yoon’s explicit acknowledgment of Trump’s “Make America Great Again” platform.

Looking ahead, the team examines how Seoul might navigate the challenges posed by Trump’s America First policies, from potential defense cost-sharing negotiations to preserving key elements of the U.S.-Korea Free Trade Agreement. The discussion emphasizes South Korea’s likely efforts to maintain stable alliance relations while protecting its economic interests.

About the podcast: The Korea Pro Podcast is a weekly 15-minute conversation hosted by Editorial Director Jeongmin Kim (@jeongminnkim) and Editor John Lee (@koreanforeigner), diving deep into the most pressing stories shaping South Korea — and dissecting the most complicated ones for professionals monitoring ROK politics, diplomacy, culture, society and technology. Uploaded every Friday.

This episode was recorded on Thursday, Oct. 31, 2024.

Audio edited by Gaby Magnuson