Majority will boost Moon’s ability to enact reforms

Adept handling of the current crisis has helped President Moon’s party to emerge from today’s National Assembly election with a majority, which should help breathe new life into his reform agenda. While the near-term economic outlook will depend on how the current global crisis unfolds, the long-run prospects for the economy will be determined by whether President Moon is able to make the most of his parliamentary majority by pushing through key structural reforms.