Gridlock looms as Democratic Party looks set to challenge South Korean conservatives’ push for deregulation and tax cuts
The main opposition Democratic Party (DP) and its allies secured a majority of seats in South Korea’s National Assembly following the April 10 general elections, an outcome that will likely have major implications for the country’s economic policies and market dynamics.
The DP and the Rebuilding Korea Party (RKP) won 175 and 12 seats, respectively, in the 300-member National Assembly.
The main opposition Democratic Party (DP) and its allies secured a majority of seats in South Korea’s National Assembly following the April 10 general elections, an outcome that will likely have major implications for the country’s economic policies and market dynamics.
The DP and the Rebuilding Korea Party (RKP) won 175 and 12 seats, respectively, in the 300-member National Assembly.
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