<Anchor>
Reporter Kwon Ae-ri is with you.
Reporter Kwon, the US presidential election is 10 days ahead.
The vote will be closed on the 3rd and in our view on the 4th, but the impact on the global economy is tremendous depending on who is elected.
<Reporter>
Yes.
Just think of the fact that over the past few years, President Trump's tweets sent every dawn have shook our stock market that day.
The way the President of the United States thinks about the economy and what policy he imposes will affect us almost immediately.
Even in a friendly economy, I would like to continue to examine the impact of the US presidential election on our economy in the future, and this election has a peculiarity.
Many predict that there is a high likelihood of a period of confusion in which the winners are not immediately hidden after voting.
Current opinion polls in the United States favor candidate Biden of the current opposition Democratic Party, but President Trump is pursuing.
There is something that President Trump has been emphasizing since early when it comes to a close battle.
It has been suggested through interviews that pre-mail voting is highly likely to be manipulated, and that if the voting result is suspected of being negative, the result may not be accepted.
In addition to the fever of the US presidential election this year, many voters are choosing to vote in advance because of Corona 19.
A quarter of all voters in the United States have already voted in advance.
This long line you see right now is all the people waiting to vote, more than that, nearly 70% of the pre-votes have already voted by mail.
In the United States, there is an atmosphere that there will be many voters on the day among Trump supporters and pre-votes among Biden supporters.
However, as the proportion of pre-voting, including mail-by-mail voting, which President Trump has consistently expressed negative views, is increasing, the possibility that the winner will not be neatly covered by the end of the year is already being raised considerably.
<Anchor> In
fact, it's almost two months, but it's good to have the right outcome and direction, no matter who it is.
<Reporter>
Yes.
A similar thing happened 20 years ago.
It was the 2000 US presidential election
The situation in which the outcome could not be confirmed after the now-worrisome presidential election was also created at that time.
Twenty years ago and now, the more the prosecutions were made in Florida, one of the areas dividing the controversy, the more the gap between the two candidates narrowed and the matter went to court.
Eventually, the conclusion of the president as President Bush was followed by turmoil for 35 days in early December.
During that period, the US stock market, the flagship index S&P 500, fell more than 8%, while the NASDAQ, where new technology stocks gathered, fell 22%.
Excluding the U.S., the so-called advanced market stock markets showed more wither as time passed.
Korea, though not as much as the United States at that time, fell by more than 4% during the same period. It seems that the turmoil in the US market also affected investment sentiment in our stock market.
In particular, this year, there are also fiscal stimulus issues in the US.
Korea has passed the supplementary bill four times this year and the government has released the money.
The U.S. also continued to release money to overcome the recession caused by Corona 19 this year, and even now, the U.S. government and Congress are discussing a tremendous amount of stimulus.
At the moment, it is much more likely that this will not be possible before the presidential election. If the government is in a state of confusion when the stimulus package is processed after the presidential election, there is a possibility that the stimulus negotiations will continue to stall for a longer period of time.
<Anchor>
Actually, that money is not the money to come to Korea, but stability in the US market has a great impact on emerging markets like us, right?
<Reporter>
Yes.
The economy in the U.S. market is better than expected, so the stimulus is not so urgent.
The uncertainty is high and the dollar is unlikely to turn around. If this atmosphere prevails, the investment will not reach Korea.
What we can do is that among emerging countries, Korea is better at preventing coronavirus than other countries, and companies are steadily recovering their performance.
If so, there is a high possibility that investment will return solidly in Korea, but the background for such a trend will become clear only when financial flows including the US are stabilized.
For the first time, the US presidential election will be a bigger issue in the short term than who will become, but how quickly it will be cleared up.