What the Election of a Conservative President Means for South Korea's Economy and Security

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....