Arthur B. Laffer, founder of Laffer Associates, believes that South Korea could greatly benefit from a new US administration implementing pro-growth economic policies. He highlighted Korea's potential as a major beneficiary of a return to US and global prosperity due to its high-tech products and valuable trade relationships. Laffer emphasized the historical advantages allies like South Korea have enjoyed from a strong US economy, which enhances both trade and global security. Laffer's famous concept of the Laffer Curve, which illustrates the relationship between tax rates and tax revenue, has gained prominence in discussions surrounding economic policy. He advised South Korea to adopt tax policies that encourage growth while cautioning against sudden tax increases that could negatively impact the market. Laffer stressed the importance of balancing tax rates to generate necessary revenues without hindering economic activity, emphasizing the need for gradual and predictable tax adjustments to avoid unintended consequences.