Global Risk Indexes (13-12-2024)

Global 85 (0 —)
MENA 95 (+1 ▲)
APAC 85 (-2 ▼)
Europe 85 ( —)
Africa 79 ( —)
AMERs 78 (+1 ▲)
Markets 87 (-2 ▼)
Mei Ling, Asia Pacific region analyst at Worldwise Analytica

Mei Ling

Empowering minds, shaping decisions: Insights from the heart of geopolitics

Political Turmoil in South Korea and Escalating South China Sea Tensions Mark Asia-Pacific Geopolitical Landscape

South Korea's Political Crisis Deepens:
On December 13, 2024, South Korea's political landscape was further destabilized as opposition leader Lee Jae-myung called for the impeachment of President Yoon Suk Yeol. This development follows President Yoon's controversial declaration of martial law on December 3, which was swiftly rescinded amid public outcry and legislative opposition. The attempted imposition of martial law, perceived as an overreach of executive power, has led to widespread protests and a constitutional crisis, undermining governmental stability and public trust. The impending impeachment proceedings are likely to result in prolonged political paralysis, adversely affecting South Korea's economic performance and regional diplomatic engagements.

Escalation in the South China Sea:
Simultaneously, tensions in the South China Sea have intensified. China has accused the Philippines of 'provoking trouble' in the disputed waters, alleging that Manila, with U.S. support, has been stirring conflict around strategic areas such as the Spratly Islands and Scarborough Shoal. This accusation follows incidents where Chinese coast guard vessels reportedly used water cannons against Philippine boats, exacerbating an already volatile situation. The Philippines, backed by international law'including the 2016 tribunal ruling rejecting China's expansive claims'continues to assert its rights within its Exclusive Economic Zone (EEZ). The escalating rhetoric and confrontations risk further destabilizing the region, potentially drawing in allied nations and complicating efforts toward a peaceful resolution.

Regional Implications:
The concurrent crises in South Korea and the South China Sea underscore the fragility of the Asia-Pacific's geopolitical environment. South Korea's internal turmoil may weaken its regional influence and disrupt collaborative initiatives, while the heightened tensions in the South China Sea threaten the security of vital maritime routes and regional stability. These developments necessitate close monitoring, as their progression will have profound implications for the geopolitical dynamics of the Asia-Pacific region.

Geopolitical Risk Assessment for the Asia Pacific
(13-12-2024)

The Asia-Pacific region continues to face significant geopolitical challenges, with internal political instability in South Korea and escalating maritime tensions between China and the Philippines contributing to an environment of heightened uncertainty and potential conflict.

Geopolitical Risk Index

Developments to Follow for the Asia Pacific (See All Global)

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