South Korea Ruling Party Risks Parliament Election Loss
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South Korean President Lee Myung Bak’s ruling party faces losing control of parliament next week to an opposition that vows to increase welfare spending, revisit a U.S. trade deal and improve ties with North Korea.
The New Frontier Party is struggling to overcome bribery and illegal surveillance scandals ahead of April 11’s National Assembly elections that may forecast the December presidential race. The opposition Democratic United Party has pledged to create 3.3 million jobs and may get a boost from younger voters who face an unemployment rate almost twice the national average.