Grandchildren Run South Korea’s Economy

South Korea’s tycoons were relieved when the pro-business Park Geun Hye was elected last month as the nation’s 11th president. The main criticism against her predecessor and party mate, Lee Myung Bak, was that he was as beholden to corporations as leaders get. Park’s win was seen as a victory for the economic system that raised Korea […]

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Sex Scandals, IPOs, Succession Shaped Asia’s 2012

Few people are happier to see 2012 end than Hu Jintao, Yoshihiko Noda or Lee Myung Bak. It was a rocky year for the leaders of China, Japan and South Korea, who leave office with legacies in tatters. Gripes about President Hu doing little about China’s biggest challenges outnumbered the accolades. Noda’s premiership ended as ingloriously as those of the […]

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South Korea Elects First Woman President

SOUTH KOREA has elected Park Geun-hye, a 60-year-old conservative, as president for the coming five years. The candidate is from the same party, the Saenuri party, as the incumbent, Lee Myung-bak. She is the daughter of Park Chung-hee, the dictator who set South Korea on the path of break-neck development, seizing power in 1961 and […]

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Formula For Victory

South Korea’s presidential campaign formally launched on November 26 with seven registered candidates. The main candidates today are ruling Saenuri party representative Park Geun-hye and progressive opposition Democratic Unity Party (DUP) representative Moon Jae-in. The election is likely to turn on the following factors: a unified support base, demography, and turnout. Here are some factors to […]

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