Archive for the ‘Korea Economic Research Institute’ Category

South Korea shifts right with new president Lee Myung Bak

December 20, 2007
By Donald Kirk
The Christian Science Monitor
December 20, 2007

Seoul, South Korea – The conservative former mayor of Seoul roared to an easy victory in South Korea‘s presidential election Wednesday in what is widely viewed as a referendum for economic reform and an end to the left-leaning leadership of the past decade.

With Lee Myung Bak receiving nearly as many votes as all 10 other candidates combined, analysts see his triumph as a return to traditional conservative values and repudiation of the liberal policies of the outgoing president, Roh Moo Hyun, and Mr. Roh’s predecessor, Kim Dae Jung, who forged the country’s reconciliation with North Korea.

“This will be good for the economy,” says Huh Chan Guk, director of economic research at the Korea Economic Research Institute. The institute is affiliated ….

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