Systemic obstacles will thwart reforms in South Korea
Subject Domestic politics in South Korea. Significance The unending North Korea crisis risks distracting attention from South Korea, vital in its own right as the world’s eleventh-largest economy and fifth-largest exporter. Politics in Seoul have stabilised after a fraught period leading to the impeachment last year of President Moon Jae-in’s now jailed predecessor, Park Geun-hye, but the country faces a raft of formidable challenges, old and new. Impacts With five separate centre-left parties, a more united political right will probably make gains in local elections in June. North Korea’s participation in the Winter Olympics carries risks and has in part backfired already. Seoul's key foreign relationships -- those with Washington, Pyongyang, Beijing and Tokyo -- will pull Moon in different directions.