In addition to the growing geopolitical crisis on the Korean Peninsula, South Korea’s next president, who will be elected on 9th May, will face a mounting number of economic challenges, including worsening demographics, rising household debt and growing competition from China. Neither of the main candidates are advocating anything like the kind of radical economic reforms the country needs. However, there is still a chance that the election will lead to some useful reforms, especially on reducing the power and influence of the country’s family-run chaebols.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services