South Korean election: the big challenges ahead for new president Yoon Suk-yeol
Newly elected president Yoon Suk-yeol. Xinhua/Alamy South Korea has elected a new president, Yoon Suk-yeol, who now has the task of tackling a housing crisis, a cost of living crisis and a decision about whether to restart dialogue with neighbouring North Korea. The 2022 elections took place as South Korea faced its highest level of COVID-19 infections. Other significant challenges facing the incoming leader are the nation’s deepening social inequality, with surging housing prices leading to resentment, particularly among young people. For many voters, the most important current issue is the cost of living. There is also considerable discontent over youth unemployment, job creation and surging consumer debt. Rising property prices and stricter rules for mortgages have made it moreContinue Reading