US EditionThe Thorny Path for South Korea’s New President
7 Articles
7 Articles
South Korea's Market Upbeat After Lee Jae-myung's Election Victory - Real News Now
The recent election results have dispelled a significant concern looming over the local market regarding the nation’s future political trajectory in the wake of ex-president Yoon Suk Yeol’s temporary enforcement of martial law last year. A sequence of events that led to his removal from office and led to an expedited election. South Korea’s leading share index took strides towards a bull market, while the Korean won gained strength, following th…
The South Korean presidential election took place on June 3rd. Following the election of Lee Jae-myung (61), a candidate from the Democratic Party of Korea, an acquaintance of mine who is an ardent supporter of the party, said, "This is a natural outcome. From now on, South Korea will restore democracy and become a new Republic of Korea."
After six months of an unprecedented political crisis caused by the attempt by former leader Yoon Suk-yeol to introduce martial law, South Korea elected its new president. Lee Jae-myung, a progressive of modest origins, took office on Wednesday, June 4.
A period of Seoul-searching
After six months of political turmoil due to former President Yoon Suk Yeol’s declaration of martial law and his subsequent impeachment and removal from office, South Korea now has a new president: Lee Jae-myung. Beyond the country’s domestic political and socio-economic challenges, Lee is assuming the presidency at a critical, unstable time in international affairs. South Korea faces a challenging strategic outlook on defence, security and dipl…
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