Open figure viewer
Significance
The ruling conservative People Power Party (PPP) will take scant consolation from avoiding an opposition supermajority, as it needed a win to take control of the assembly and ensure realisation of President Yoon Suk-yeol’s policy agenda. Third parties garnered little success, with results reflecting geographical splits.
Impacts
The result will boost DPK leader Lee Jae-myung, who may run for president in 2027 unless convicted in an ongoing corruption case.
Poor performances by new third parties, barring the RKP, mean that two-party politics will endure.
Although Yoon’s domestic agenda may be stymied, foreign policy will be less affected, as the president has more autonomy over that.
Keywords:
South Korea,
AP,
politics,
election,
foreign policy,
government,
legislation,
opposition,
party,
policy,
corruption,
health,
judicial,
prices
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
You do not currently have access to this content.
