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Welcome to “Carina’s pick” and I’ll be introducing the latest Korean news in English. Dont go away as we will be looking at weekly top news together-!
The biggest news will be surrounding the final result of the presidential election race.
Today is the new mark in history as liberal democratic party Moon Jae-In becomes the new president. His victory was confirmed when, out of eighty seven percent counted votes, he has earned forty point two percent. The runner up was Hoon Joon Pyo of the Liberal Korea party with twenty five point five percent. During his remarks, Moon stated that he will “ give everything” to create a new country”. This victory remarks a come back of a liberal administration after nearly 10 years of conservative governments and seven months of political scandal involving former President Park Geun-hye.
Foreign media is reporting on how Moon will be able to position South Korea in North Korea talks. In North Korea related talks, Moon previously revealed reopening and expanding the Kaesong Industrial Complex that was shut down by the Park administration. Moon has also stated that he will renegotiate issues surrounding the deployment of THAAD missile defense system with the US, and subject the matter to ratification by the National Assembly. Hankyoreh reports Moon hopes to revive the Sunshine policy that was shut down since the Roh administration.
Moon was the chief of staff of Roh administration and once was the 2012 presidential candidate to go against Park Geun Hye. During the Roh administration, they were able to hold summit talks with their North Korean counterpart Kim Jong-il, so far the only South Korean presidents to make that possible.
The 64 year old president is also expected to make drastic policy changes from two previous conservative presidents. Including the North Korea sunshine policy, he is expected to tackle down on reforming South Korea’s family-run conglomerates, also called as Chaebol. These groups have found to have formed shady ties to senior politicians exposed by the Park scandal. Moon also hopes to address pressing domestic problems such as rising inequality and youth unemployment. Moon is expected to be sworn in for a five-year term later on Wednesday. He has said he would skip the inauguration ceremony and start work straight away.
Voting had lasted for 14 hours from 6 a.m. to 8 p.m. Turnout was estimated at 77.2 percent, the highest in nearly two decades.
That’s it for today and this has been the Korean news update.