What the Election of a Conservative President Means for South Korea's Economy and Security
MIN READMar 10, 2022 | 19:23 GMT
South Korean President-elect Yoon Suk Yeol holds bouquets as he is congratulated by members of his People Power Party at the National Assembly in Seoul, South Korea, on March 10, 2022.
(LEE JIN-MAN/POOL/AFP via Getty Images)
Yoon Suk Yeo's victory in South Korea's presidential election portends warmer relations with Japan and a harder-line approach to North Korea, potentially aiding U.S. security interests in the Asia Pacific region. Domestically, legislative opposition to Yoon's economic deregulation policies could increase the risk of a housing crisis in South Korea. Yoon, a former top prosecutor from the conservative People's Power Party (PPP), was declared the winner of South Korea's presidential election on March 9. The election was a closely fought race to the end, with Yoon ultimately securing 48.6% of the vote against ruling liberal Democratic Party candidate Lee Jae-myung's 47.8%. Yoon's administration will take office in May....