15 March 2022
Assessing the task ahead for new president
Challenges lay ahead for the new president-elect of South Korea after the tightest election campaign in the country’s history.
People Power Party candidate Yoon Suk-yeol was declared winner of the 9 March poll, edging out Lee Jae-myung by less than a single percentage point, in an election dominated by discussions about housing, the economy or the COVID-19 pandemic.
Mr Yoon is a relative newcomer to politics and, according to Professor Ramon Pacheco Pardo, head of the Department of European and International Studies at King’s, he will have to find a way to work together with the opposition Liberal Party that retains control of the National Assembly.
Prof Pacheco Pardo told the New Statesman: “This will be a massive constraint for Yoon. For the next two years, at the very least, the liberals have a supermajority, and Yoon, who is a complete outsider with no experience of National Assembly politics at all, will have to find a way to work together with them.”
Prof Pacheco Pardo reflected on the economic outlook ahead for Yoon in a piece for the Financial Times and also considered the foreign policy issues that will be most pressing for the new president in an article for the Guardian.