One survey, known as the 2024 Asian American Voter Survey, included 409 registered Korean American voters. The poll found that only 38 percent of respondents identified themselves being Democrats. This marks a substantial decrease from the same survey conducted in 2020, which found that 51 percent of this demographic identified with the Democratic Party. (Related: Poll finds Democrats' advantage among Hispanic voters continues to SHRINK.)
This shift highlights a growing sentiment among Korean Americans that inflation and economic issues are paramount to historical loyalties to the Democrats.
In fact, 57 percent of respondents labeled jobs and the economy as "extremely important" in casting their vote, with another 33 percent describing these issues as "very important" and nine percent as "somewhat important." Meanwhile, 58 percent consider inflation as a major concern, with 32 percent describing it as a "very important" issue and eight percent as "somewhat important."
Housing costs also weigh heavily, with 51 percent deeming the issue "extremely important" to their voting decision, with 35 percent labeling it as "very important," 10 percent as "somewhat important" and three percent as "not that important."
These results support the claims of Catherine Kim, an assistant editor at POLITICO Magazine, that "the economy has always been a top priority for Korean Americans," especially in Gwinnett County, a suburb where inflation severely impacted the Korean American community. This community, according to Kim, poorly evaluated the performance of the current administration.
Support for Trump increasing among Korean Americans
The surveys also reveal increasing support for former President Donald Trump as Korean Americans turn away from the Democratic Party.
One survey conducted from April to May found that only 27 percent of Korean Americans support Trump. However, another survey conducted in early September found that 35 percent of Korean Americans are now supporting Trump due to their belief that he is more capable of dealing with inflation and other economic issues.
Lee Sung Yong, a traditional KBBQ and noodle restaurant owner in Georgia, pointed to the rising costs as a critical factor influencing his vote.
"The price of ingredients has just risen so much — almost 80 percent for certain items," Lee said in an interview with Kim, confirming he will vote for Trump.
"The yearly costs of my operation have been so different under the two administrations. Eating out has become such a financial burden these days," he said. "That first and foremost needs to be fixed for us to survive."
For Lee, a return of the Trump administration represents a potential return to better times for his restaurant.
"I was disappointed with the economy under Biden," he said. He admitted that the economic policies of Harris as a presidential candidate remains unclear to him, so he is worried that these might as well just continue to exacerbate rising prices and higher taxes. "I don't know Harris' economic policies, but won't the same pattern of rising prices and higher taxes repeat under her, since she was the vice president?"
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