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South Korea: Domestic Politics And Economy 2006-2007

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Chapter Summary

Politics in South Korea were in turmoil in early 2007. The governing Uri party, which had not only done badly in the local elections of May 2006 but had also lost every single by-election since its landslide win in the 2004 general election, was on the verge of break-up. President Roh Moo-hyun, whose popularity had hit rock-bottom in 2006, announced that he would leave the party. This step was widely interpreted as an attempt to revive flagging support for the Uri party. With less than nine months to go until the presidential election of December 2007, it remained unclear whether the governing party would be able to field a viable candidate or, indeed, whether or in what form the party would continue to exist at all. This chapter highlights domestic political and economic developments in the twelve months up to the end of March 2007.

Keywords: economy; politics; President Roh Moo-hyun; South Korea; Uri party



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