South Korea’s President Suffers Big Loss in Parliament Vote

  • Yoon’s party loses parliamentary seats, opposition gains slots
  • President to be in a weaker position for last 3 years of term
WATCH: Duyeon Kim, adjunct senior fellow at the Center for a New American Security, shares her take on the outcome of S. Korea’s parliamentary elections.Source: Bloomberg

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South Korean President Yoon Suk Yeol suffered a major defeat in parliamentary elections that will leave him in a weakened position for the remaining three years of his term and facing greater opposition to his agenda that includes investor-friendly policies.