South Korea’s opposition triumphs in general elections, dealing blow to Yoon



Briefings South Korea’s opposition triumphs in general elections, dealing blow to Yoon Democratic Party and allies set to challenge President Yoon Suk-yeol’s agenda, but fall short of veto-proof majority KOREA PROApril 11, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Democratic Party leader Lee Jae-myung (center, front row) and other party members celebrate at the exit poll results for South Korea's 22nd parliamentary elections, April 10, 2024 \| Image: Democratic Party of Korea The main opposition Democratic Party (DP) has retained its majority in South Korea’s 22nd parliamentary election, with the ruling People Power Party (PPP) facing its third consecutive defeat. The DP won 161 out of 254 directly contested seats in the National Assembly. In contrast, the PPP secured only 90 seats, primarily in its southeastern stronghold. Including proportional seats, the DP is expected to win 176 seats and the PPP 109 seats in the 300-member National Assembly. Former justice minister Cho Kuk’s Rebuilding Korea Party (RKP) is expected to secure 12 to 14 proportional seats, meaning that the wider DP-RKP bloc © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Trump’s Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Briefings

South Korea’s opposition triumphs in general elections, dealing blow to Yoon

Democratic Party and allies set to challenge President Yoon Suk-yeol’s agenda, but fall short of veto-proof majority

KOREA PROApril 11, 2024

South Korea’s opposition triumphs in general elections, dealing blow to Yoon

Democratic Party leader Lee Jae-myung (center, front row) and other party members celebrate at the exit poll results for South Korea's 22nd parliamentary elections, April 10, 2024 | Image: Democratic Party of Korea

The main opposition Democratic Party (DP) has retained its majority in South Korea’s 22nd parliamentary election, with the ruling People Power Party (PPP) facing its third consecutive defeat.

The DP won 161 out of 254 directly contested seats in the National Assembly. In contrast, the PPP secured only 90 seats, primarily in its southeastern stronghold. Including proportional seats, the DP is expected to win 176 seats and the PPP 109 seats in the 300-member National Assembly.

Former justice minister Cho Kuk’s Rebuilding Korea Party (RKP) is expected to secure 12 to 14 proportional seats, meaning that the wider DP-RKP bloc

South Korea’s opposition triumphs in general elections, dealing blow to Yoon

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