Korea’s presidential election on 9th March will have major implications for the country’s economic future. A pledge by the ruling DPK’s candidate to introduce a universal basic income could bring some important benefits. However, ensuring that it is both affordable and does not blunt economic dynamism will be a huge challenge. Meanwhile, the opposition PPP’s plans to loosen labour market regulations are welcome, but the party’s more hawkish stance towards China brings with it significant economic risks.
Drop-In: Korea votes – An election to shape its economic future (Tues. 8 March 08:00 GMT): Join Senior Asia Economists Gareth Leather and Alex Holmes for a 20-minute briefing on the upcoming Korean election. Register here.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services