Lee Jae-myung’s re-election intensifies risks for businesses in South Korea



Analysis Lee Jae-myung’s re-election intensifies risks for businesses in South Korea Opposition leader set to double down on stricter regulations, labor rights and opposing tax cuts as he challenges Yoon John LeeAugust 19, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Lee Jae-myung campaigns to be re-elected as Democratic Party leader during the party’s national convention in Gyeonggi Province, Aug. 10, 2024 \| Image: Democratic Party of Korea Lee Jae-myung secured a second term as leader of South Korea’s main opposition Democratic Party (DP) on Sunday, solidifying his influence and positioning himself as a key contender for the 2027 presidential election. However, his re-election is likely to contribute to the intensification of political polarization and legislative gridlock, which pose significant risks for businesses operating in South Korea. Lee Jae-myung secured a second term as leader of South Korea’s main opposition Democratic Party (DP) on Sunday, solidifying his influence and positioning himself as a key contender for the 2027 presidential election. However, his re-election is likely to contribute to the intensification of political polarization and legislative gridlock, which pose significant risks for businesses operating in South Korea. Get 30 days of free access to KoreaPro Full access to all analysis The KOREA PRO newsletter, every business day Daily analysis on the top story of the day The ability to suggest topics for coverage by our specialist team Be smart about South Korea Get full access to expert analysis and opinion. Start now No charges during your trial. Cancel anytime. A paid subscription will start after 30 days. © 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. Get the Daily Briefing Start your day with the South Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily Briefing. LATEST ANALYSIS 01South Korea targets semiconductor self-reliance for national defense 02Employment for married South Korean women hits record but Devil is in details 03Trump’s return forces South Korea’s defense industry to adapt to new realities 04Lee Jae-myung verdict disrupts South Korea’s opposition party and 2027 election 05South Korea grapples with how to stymie crypto-fueled drug trade 06Science vs. Humanities: Why South Korean students switch their academic tracks 07How pro-Russian hackers took down South Korea websites over support for Ukraine 08South Korea’s Ukraine observer mission sparks debate about military deployment

Analysis

Lee Jae-myung’s re-election intensifies risks for businesses in South Korea

Opposition leader set to double down on stricter regulations, labor rights and opposing tax cuts as he challenges Yoon

John LeeAugust 19, 2024

Lee Jae-myung’s re-election intensifies risks for businesses in South Korea

Lee Jae-myung campaigns to be re-elected as Democratic Party leader during the party’s national convention in Gyeonggi Province, Aug. 10, 2024 | Image: Democratic Party of Korea

Lee Jae-myung secured a second term as leader of South Korea’s main opposition Democratic Party (DP) on Sunday, solidifying his influence and positioning himself as a key contender for the 2027 presidential election.

However, his re-election is likely to contribute to the intensification of political polarization and legislative gridlock, which pose significant risks for businesses operating in South Korea.

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Lee Jae-myung’s re-election intensifies risks for businesses in South Korea

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John Lee

Lee Jae-myung’s re-election intensifies risks for businesses in South Korea

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