South Korea is gearing up for a snap presidential election on June 3, following the impeachment of President Yoon Suk Yeol. The first televised debate, focusing on economic issues, marked a crucial moment in the campaign. Let’s dive into the key players and their stances.
Candidates in the Running
- Lee Jae-myung (Democratic Party):
- Lee’s campaign promises to decrease economic inequality and stimulate economic growth through investments. He’s also keen on reinforcing diplomacy between South Korea, the US, and Japan. However, his eligibility to run is under scrutiny due to ongoing legal troubles.
Kim Moon-soo (People Power Party)
- Kim Moon-soo (People Power Party):
- Kim, a former Minister of Employment and Labor, was initially chosen as the PPP’s candidate. However, a dispute within the party led to Han Duck-soo being nominated instead, only for Kim to be reinstated after a party-wide vote.
- Kwon Young-guk (Democratic Labor Party): Kwon, a “street lawyer,” has pledged to create an equal society without gaps and overhaul Korea’s immigration system. He emphasizes the need for independent progressive politics.
- Han Duck-soo (Independent): Han, the former acting president, has pledged to amend the Constitution to introduce two-term presidencies, each lasting four years. He resigned as acting president to lay down an “important mission and bear a greater responsibility”.
Hwang Kyo-ahn (Independent)
- Hwang Kyo-ahn (Independent):
- Hwang, a former Prime Minister and acting President, announced his candidacy, focusing on stabilizing the government and economy.
Key Issues in the Election
- Economic Growth: Candidates are vying to present their plans for boosting the economy, creating jobs, and addressing inequality.
- Constitutional Reform:
- Some candidates, like Han Duck-soo, propose amending the Constitution to change the presidential term and structure.
- Diplomacy and Security: With North Korea looming large, candidates are being quizzed on their diplomatic approaches and security strategies.
The Televised Debate
The first televised debate saw Kim Moon-soo, Kwon Young-guk, Lee Jun-seok, and Lee Jae-myung discussing economic issues. This debate format is crucial in helping voters understand the candidates’ stances on pressing economic matters.
What’s at Stake
The winner of this election will take office immediately after the results are confirmed by the National Election Commission, without the usual two-month transition period. The president will serve a five-year term, with no possibility of re-election .
