March 10, 2022
S.Korea elects conservative outsider as president in tectonic shift
Source: Reuters
Journalist: Josh Smith
Conservative South Korean opposition candidate Yoon Suk-yeol rode to victory in a tight presidential election on a wave of discontent over economic policy, scandals and gender wars, reshaping the political future of Asia's fourth-largest economy.
His victory in Wednesday's bitterly fought election marks a stunning turnaround for the main conservative bloc, now known as the People Power Party, which has regrouped since the 2017 snap election after the impeachment and ouster of then President Park Geun-hye.
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"Real estate prices, housing policy, jobs, and tax policies will top his domestic agenda," said Duyeon Kim, a Seoul-based expert with the Center for a New American Security.
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