Research, editing : Gan Yung Chyan, KUCINTA SETIA
News on South Korea
News (1) to (2) / Editor : Lin Qing / https://www.ntdtv.com/gb/2022/03/09/a103369239.html
News (1)
South Korea's opposition candidate Yoon Suk-yeol elected as 20th president
Image : South Korea's opposition presidential candidate Yoon Suk-yeol secured the presidency with 48.59% of the vote. (Kim Hong-Ji/POOL/AFP via Getty Images)
98% of the votes were counted in South Korea's general election. The largest opposition presidential candidate, Yin Xiyue, won 16.04 million votes, securing the election as president with 48.59% of the votes. Yoon Seok-wook is the first president in South Korea's history who has no experience in parliamentary politics.
According to Yonhap News Agency, South Korea's 20th presidential election was 98% completed at 3:50 a.m. on the 10th. The largest opposition presidential candidate, Yoon Suk-yeol, won 16.04 million votes, securing the election as president with 48.59% of the votes.
The ruling party's Common Democratic Party candidate Lee Jae-myung held a press conference at the Central Party Headquarters of the Common Democratic Party in the early morning of the 10th, admitting that he was defeated in the 20th presidential election.
Lee Jae-myung said that despite his best efforts, he still lived up to expectations. Lee Jae-myung also congratulated his main rival, Yoon Suk-yeol, and hoped that the newly elected president would end divisions and contradictions and usher in an era of unity and reconciliation.
Lee Jae-myung received 15.78 million votes, 47.8% of the votes. The gap between the two was only 0.8 percentage points. During the balloting process, the two candidates were evenly matched, and exit polls showed that the difference between the two was less than 1 percentage point.
There were 44,197,692 registered voters in South Korea's 20th presidential election, the highest since the advance voting system was implemented in 2014.
In terms of foreign policy, Yoon Suk-yeol has a tougher stance on the CCP, actively opposes North Korea’s development of nuclear weapons, advocates the restoration of South Korea-US relations, and despite the CCP’s opposition, advocates the purchase of the THAAD anti-missile system, and plans to deploy the system closer to Seoul.
When asked at an election forum held by Yokohama on 3 February 2022 about the order in which he would meet the leaders of the United States, Japan, China and North Korea after being elected, the ruling party candidate Lee Jae-myung was vague, answering only that "there is no need to prioritize. The most effective decision will be made according to the situation”; Yoon Suk-yeol clearly stated the order of “the United States, Japan, China, and North Korea”.
News (2)
The Iron Man history of Yoon Suk-yeol
According to Yonhap News Agency, Yoon Suk-yeol was born in a scholarly family in Seoul in 1960, and her parents are university professors. As a child, he dreamed of becoming an economist, but because his father suggested choosing a specific subject, he was admitted to the Seoul National University Law School, the first school in South Korea.
After graduating from university, Yoon Suk-yeol participated in 9 judicial examinations and failed 8 times, but she was a late bloomer but repeatedly counterattacked. During his tenure in Roh Moo-hyun's government, he investigated and handled major cases and began to win the reputation of "Iron Masked Censor". He successively held important positions in the Central Investigation Department of the Grand Prosecutor's Office and the Special Investigation Department of the Seoul Central District Prosecutor's Office.
In 2013, when Park Geun-hye was in office, when Yoon Suk-yeol investigated the intelligence agency's case of swiping posts and interfering in political affairs, he exposed Shangfeng's pressure to intervene in the investigation, saying bluntly, "I am not loyal to the individual." Although he was ostracized by the regime, demoted to the High Prosecutor's Office and "exiled" to various places, he established an image of a tough prosecutor in the minds of the public.
In 2016, the political arena ushered in an impeachment change. Yoon Suk-yeol was in charge of the independent investigation team of the behind-the-scenes dignitaries of the cronies and became a star prosecutor.
In March 2021, Yoon Suk-yeol resigned to participate in politics. On 29 June 2021, he announced that she would win the Blue House. On 30 July, she joined the National Power, the largest opposition party. In just three months, she won the party's primary election and became the party's leader.
According to the report, after the Park Geun-hye government suffered an unprecedented presidential impeachment, the conservative camp in South Korea collapsed.
News (3)
Inventory of the five political platforms of South Korean President-elect Yoon Suk-yeol
Editor: Chen Beichen / Image : On 9 March 2022, Conservative Yoon Seok-yue (center), a candidate for the opposition "National Power Party" in South Korea, was elected as the 20th President of South Korea for a five-year term. (Lee Jin-Man - Pool/Getty Images)
Conservative Yoon Suk-yeol, candidate of the opposition "National Power Party", was narrowly elected as the 20th President of South Korea in a fierce election on Wednesday (9 March) for a five-year term.
Yoon Suk-yeol was born in 1960, studied at the Law Department of Seoul National University, and served as the Attorney General of South Korea from July 2019 to March 2021. During the Moon Jae-in government, he was in charge of the former South Korean President Park Geun-hye's "confidential interference in politics" case and Lee Myung-bak's corruption case.
Yoon Suk-yeol will officially take office as the 20th President on 10 May 2022 for a five-year term. Under South Korean law, the president cannot be re-elected.
Here are some of Yoon Suk-yeol's policy promises made during the campaign, summarized by Reuters.
economy
Yoon Suk-yeol said he supports market leadership and job creation should be led by the private sector rather than government projects. He said he plans to cut red tape for companies and ease regulations on the virtual asset industry.
Yoon Suk-yeol proposed to allocate 50 trillion Won ($40 billion) to help small businesses and self-employed people affected by the pandemic, including a total of 43 trillion Won in cash assistance.
tax
Yoon Suk-yeol said he would reduce capital gains and property ownership taxes to increase housing transactions.
He proposed raising the tax threshold for cryptocurrency investments to 50 million won from the current 2.5 million Won.
Yoon Suk-yeol said he would scrap a new tax plan - set to take effect in 2023 on those earning more than 50 million Won from stock investments - as well as slashing the real estate holding tax to boost housing transactions.
housing
Yoon Suk-yeol said current real estate regulations must be relaxed and guided by "market principles".
He said at least 2.5 million housing units will be built in the next five years, including 500,000 housing units in the capital Seoul.
North Korea issue
Yoon Suk-yeol's team said he would seek to restart talks with North Korea and come up with a roadmap that would bring significant and immediate benefits to Pyongyang if it takes concrete steps to denuclearize.
He called for improved military deterrence in South Korea, including stronger ties with the United States. He also said that preventive strikes may be the only way to deal with North Korea if it prepares to attack with new hypersonic missiles.
Yoon Suk-yeol said he would seek to establish a permanent three-way dialogue channel between South Korea, North Korea and the United States.
foreign policy
Yoon Suk-yeol wants to buy another U.S. Thaad (THAAD) missile system against North Korea, despite the potential for a new round of economic retaliation from Beijing, which has complained that the THAAD system can penetrate its territory.
His top foreign policy aide said the policy could actually provide an opportunity to "reset" strained diplomatic relations with Beijing.
Yoon Suk-yeol said he would abandon the current administration's policy of "strategic ambiguity" between Washington and Beijing and promote more regular security talks to ensure the THAAD system does not target China.
Yoon Suk-yeol also hopes to expand alliance consultations with the United States on expanding nuclear deterrence, strengthen the trilateral partnership with the United States and Japan, and join the "quartet" meeting of the United States, Australia, Japan and India.
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