Korea’s presidential election on 9th March will have major implications for the country’s economic future. A pledge by the ruling DPK’s candidate to introduce a universal basic income could bring some important benefits. However, ensuring that it is both affordable and does not blunt economic dynamism will be a huge challenge. Meanwhile, the opposition PPP’s plans to loosen labour market regulations are welcome, but the party’s more hawkish stance towards China brings with it significant economic risks.
Drop-In: Korea votes – An election to shape its economic future (Tues. 8 March 08:00 GMT): Join Senior Asia Economists Gareth Leather and Alex Holmes for a 20-minute briefing on the upcoming Korean election. Register here.
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