Moon Set for Election Losses in South Korea’s Two Biggest Cities

Exit polls show conservative candidates ahead in Seoul, Busan
Apartment prices in Seoul have doubled in the last five years

WATCH: Shihoko Goto, senior associate for Northeast Asia at Wilson Center, discusses South Korea’s mayoral election in the country’s two biggest cities. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jeong-Ho Lee

April 6, 2021 at 9:00 PM UTC

Updated on

April 7, 2021 at 2:55 PM UTC

This article is for subscribers only.

Follow Bloomberg on Telegram for all the investment news and analysis you need.

President Moon Jae-in’s Democratic Party was headed for its worst defeat in five years in mayoral elections in South Korea’s two biggest cities, a troubling sign for his progressive bloc just 11 months ahead of a presidential vote.