Politics
South Korean ruling party’s ‘flawed landslide’ election win dents Lee’s reform drive
Key Points
South Korean President Lee Jae Myung’s ruling party swept most of the country’s major local elections, but a narrow defeat in Seoul has given conservatives a foothold to challenge his reform agenda. The loss in the capital, South Korea’s political and property-market centre, has taken the shine off an otherwise dominant performance by the ruling Democratic Party of Korea (DPK), dealing a blow to Lee’s plans for tougher real estate taxation, according to observers. Across the country, the DPK...
South Korean President Lee Jae Myung’s ruling party swept most of the country’s major local elections, but a narrow defeat in Seoul has given conservatives a foothold to challenge his reform agenda.
The loss in the capital, South Korea’s political and property-market centre, has taken the shine off an otherwise dominant performance by the ruling Democratic Party of Korea (DPK), dealing a blow to Lee’s plans for tougher real estate taxation, according to observers.
Across the country, the DPK won...