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Seoul Says US Midterms Won't Affect Alliance; Stocks Plunge

South Korea's presidential office said on Nov. 5 that the US midterm election results will not affect the Korea-US alliance, noting it has developed stably with bipartisan US support for over 70 years, Yonhap reports. Seoul vowed to continue close consultation with Washington on key bilateral issues. However, Korean stocks plunged over 5 percent Thursday on concerns about future US AI policies after Democrats secured both chambers, with the KOSPI opening 1.82 percent lower and the won testing the 1,340 level, according to Yonhap, Korea Times, and Business Korea.

  1. 韩总统府:韩美同盟关系不受美国中期选举影响 韩联社 · 2026-11-05
  2. Seoul vows close consultation with Washington after midterms for key bilateral issues Yonhap · 2026-11-05
  3. (2nd LD) Seoul shares plunge over 5 pct on AI regulation concerns after U.S. midterms Yonhap · 2026-11-05
  4. Seoul shares sharply down late Thursday morning as US midterm results spark AI woes Korea Times · 2026-11-05
  5. Dollar Weakens as U.S. Midterm Results Shift Congressional Balance; Won Tests 1,340 Level Business Korea · 2026-11-05

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