Daily Management Review

South Korea chooses new President


05/10/2017


Liberal politician Moon Jae-in won the presidential election in South Korea on Tuesday and officially took office on Wednesday, reports Reuters.



Mimacds
Mimacds
According to the South Korean media, during the early presidential elections he scored more than 41% of the vote: almost 13.5 million people voted for him.

Moon Jae-in’s victory in the elections is expected to put an end to months of political turmoil. These shocks led to both impeachment and removal from power of former Head of State Park Geun Hye in connection with her involvement in a corruption scandal. Park became the first democratically elected leader of South Korea, who was removed from office, and early elections were scheduled in connection with this.

Washington has already congratulated Moon Jae-in on the victory, and announced their intention to strengthen bilateral relations between the countries.

"We congratulate President-elect Moon Jae-in, and, together with the people of South Korea, we are celebrating the peaceful, democratic transition of power", the White House press service said, "We look forward to working with President-elect Moon to continue strengthening the alliance between the United States and the Republic Korea". 

The presidential campaign started in mid-April, but preparations for the elections began already in December 2016, as soon as Park Geun Hye resigned after voting in the parliament. She was elected to the presidency in 2012, being a leader of a conservative party. The impeachment of Park Geun Hye delivered a serious blow on the conservatives. The party changed its name (now it's the Korean Freedom Party), and nominated Hong Jun-pyo, a former governor of one of the country’s provinces, as a candidate. However, his chances were initially low, which the voting proved.

However, the victory of Moon Jae-in can add tension to the relationship with Washington. The elected president of South Korea has questioned the deployment of an American missile defense system in the country, and spoke in favor of a softer approach to North Korea. Meanwhile, the administration of US President Donald Trump is trying to increase pressure on Pyongyang and limit its nuclear and missile programs.

At the inauguration ceremony in the parliament, Moon Jae-in said that he intends to make every effort to ensure peace on the Korean peninsula, and is ready to visit Pyongyang for this purpose "if conditions for this happen". 

Earlier, South Korea stated that it would not pay the United States for the deployment of the THAAD anti-missile system on its territory, and also revise the free trade agreement. Trump then said that he wants South Korea to pay for a missile defense system, which, according to his estimates, will cost $ 1 billion. 

However, Moon Jae-in can soften its position on the issue of the deployment of the US missile defense system THAAD after taking office, an American official said on condition of anonymity to Reuters. 

source: reuters.com






Science & Technology

How China became a pioneer of the solar industry

CNBC: Intel leaves the wearable gadgets market

Oculus Rift falls in price…again

Ukraine Police Official Says Likely Cover For Malware Installation Was Global Cyber Attack: Reuters

Researchers See 'Wannacry' Link As Another Cyber Attack Sweeps Globe

AEON and IBM to create a blockchain platform

Toyota & Cartivator Are Building Flying Cars To Light Up The Olympic Flame Of 2020

Stock trading computers are not a future anymore

Temper Technology With Humanity - Apple's Cook Tells MIT Graduates

As Spying And Crime Tools Mix, Blame Game For Cyber Attacks Grows Murkier

World Politics

World & Politics

Its South China Sea Territory Being Protected By Indonesia From 'Foreign' Threats

A Swarm-Like Attack From North Korea Could ‘Overwhelm’ South Korea's THAAD Missile Shield

Powerty in Italy tripled in 10 years

Hackers steal a businessman's reputation in Sweden

PWM reveals best citizenship-by-investment programs

Austria gathers troops to shelter itself against refugees

In Thirty Years Human Beings Will Work Only 'Four Hour A Day', Predicts Jack Ma

Trump to speak for America's dominance in the energy sector