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this time in the United States, an election is being held to elect a president who will lead the United States for the next four years.

Due to the nature of Korea's economy, where trade occupies a large portion, it can have an impact on our economy, depending on who becomes the President of the United States.



Of the two candidates, Trump and Biden, who would be more favorable to our economy, reporter Kwon Ae-ri pointed out.



<Reporter>



Korea, which is highly reliant on exports to the public, has no choice but to keep an eye on the direction of the US-China trade dispute.



Both candidates are likely to remain in check against China.



[Trump/US President: Biden is a corrupt politician who took millions of dollars in China and gave them your job!]



[Joe Biden/US Democratic Party Candidate: The Trump administration's export of agricultural products to China is Obama- Biden's second term has been reduced by 40%!]



However, the Biden administration is likely not recreating the extreme US-China trade war, which was so extreme that the scale of world trade was shrinking.




The Bank of Korea diagnosed that if Trump was elected, the unilateral trade policy of US preferentialism and protectionism would continue and friction with the US trade surplus would increase.If Biden was elected, the uncertainty in the trade environment was reduced through the restoration of the multilateral system. I saw it.



[Jung Min / Modern Economic Research Fellow: Biden candidate is shown to expand the indirect public sanction by the allies united rather than direct public sanctions took Trump administration (public press) the difference in magnitude is expected geolro occur]



Biden candidate Some analysts say that if elected, Korea's export growth rate will increase by up to 2.2% per year.



However, there are opinions that President Trump's strong public pressure will be beneficial to Korea in the long term, as China is emerging as a strong competitor in Korea's flagship industries such as communications equipment and semiconductors.



The beneficiary industries for each candidate also differ.



President Trump could revitalize the financial markets, IT, and consumer goods sectors by maintaining the stance of tax cuts and deregulation.



[Trump/US President: If you elect me, I will continue to cut taxes and remove regulations.]



Candidate Biden emphasizes eco-friendly energy while stimulating the economy through large-scale fiscal policy and is hard on the regulation of platform companies.



[Joe Biden/US Democratic Party candidate: Oil should be gradually replaced by renewable energy.

We will stop supporting the oil industry.]



In the short term, a third scenario in which the winner is not confirmed due to disagreement with the results can amplify uncertainty and confusion in the financial market.



(Video Editing: Jo Moo-Hwan)



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Explicit

' Trump

vs'Obama 

' Biden...

In our diplomacy?