South Korea's Economic Doldrums Have Taken the Wind Out of Moon's Sails
Oct 4, 2019 | 09:00 GMT
(Visual China Group via Getty Images)
- South Korea's economic woes have troubled the political prospects of President Moon Jae In's government going into 2020 legislative elections, raising the prospect that he will become a lame duck.
- While Moon will not abandon his progressive policies, a need to sustain economic growth and support indigenous supply chains means he will ease back on his confrontation with South Korea's massive chaebols.
- Moon will dig in as the trade skirmish with Japan continues, banking on the popularity of this approach and the issue's convenience as a scapegoat for larger issues.