South Korea's new president faces a bumpy ride ahead
Moon Jae-in may find it tough to fulfil the many campaign promises he made to the people.
Add BT as a preferred source
ON May 9, 2017, Moon Jae-in became South Korea's new president and filled the political vacuum created by the impeachment of former president Park Geun-hye. She had been a central figure in an unprecedented political scandal involving abuse of power by her close friend Choi Soon-sil.
During Mr Moon's campaign, his many promises to improve the quality of life in South Korea clearly resonated with voters, and he seems intent on breathing fresh air into the tainted political atmosphere left behind by his predecessor. So while the ultimate impact of Mr Moon's victory on South Korea's economy and corporate environment has yet to be determined, his expressed positions enable us to assess where he'd like to take the country over the next five years.
Using corporate taxes to boost social spending
Copyright SPH Media. All rights reserved.
