On-point: How has martial law order affected domestic demand?

It's been exactly two months since the martial law order was issued.

Although it was a short-lived, botched one, the aftermath of the lingering political instability is now wobbling domestic demand and consumer sentiment here in the country.

Let's turn to Professor Shin Se-don for more.

Welcome back.

1. We're now seeing data that reflects the repercussions of the martial law order.

South Korea's retail sales dropped by the most in 21 years last year due to poor domestic demand.

How big of an influence did the December martial law order have on the latest figure?

Is it something we should be worried about?

2. How much do political crises like a marital law declaration affect consumer spending? (based on the crises in the past}

3. What about the real estate?

There were just over 3-thousand real estate transactions in December last year when the martial law order was issued.

This is a notably low figure considering we saw over 9-thousand transactions last July alone.

What's slowing people's decisions to buy and sell?

4. Does it mean we'll continue to see poor figures for January for domestic consumption and in the real estate sector?

When might this political drama come to an end and what does "the end" mean?

5. The finance ministry plans to accelerate efforts to recover the local economy. That includes implementing an economic reinforcement package worth over 12 billion U.S. dollars.

Will it be enough?

What else should there be?

Thanks so much for sharing your insight with us this morning.

We appreciate it.