Economics
Election Win for South Korea’s Moon Could Revive Goal to Reshape Economy
- Handling of Covid-19 gives Moon an edge in Wednesday’s vote
- A win could keep the president’s worker-focused agenda going
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If South Korea’s president can leverage his success fighting the coronavirus to help his party win Wednesday’s elections, it could give him fresh momentum to reshape an economy reeling from the pandemic.
Moon Jae-in’s success in containing one of the first flashpoints of the virus outside China has revived his approval ratings and will likely help his Democratic Party of Korea keep control of the National Assembly. The crisis has also brought Moon’s opposition closer to him in support of economic stimulus, with the only big question now being the amount.