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South Korean Presidential Election Dwell Updates: Polls Shut, Counting Begins

by Index Investing News
March 9, 2022
in Uncategorized
Reading Time: 3 mins read
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SEOUL — As some South Korean voters trickled out of polling stations on an unseasonably heat Election Day, others lingered within the voting cubicles, poll in hand.

“Previous elections was once clearly swayed towards one particular person, however now it’s completely different,” stated one voter, Kim Do-hyung, 29, who stated he’s getting ready to use for jobs within the data know-how sector. “There are a lot of folks round me who’re having a tough time deciding.”

In interviews, many citizens expressed uncertainty over their decide as a result of the scandals and destructive campaigning that had plagued a lot of the presidential race made neither of the 2 front-runners, Lee Jae-myung and Yoon Suk-yeol, seem fascinating. South Korean media have referred to the race as a “mud struggle” and an election of “unlikables.”

However voter turnout by late afternoon on Wednesday was greater than it was across the identical time within the final two presidential elections, doubtless pushed partially by the expectation that this might be a detailed race.

Public opinion polls final week confirmed a razor-thin margin between the 2 main candidates. By comparability, President Moon Jae-in gained almost 5.6 million extra votes than the runner-up in 2017 — the most important margin of victory for the reason that nation started holding democratic elections within the late Nineteen Eighties.

“This election feels extra difficult than 5 years in the past,” stated Ji Hee-yeon, 65, who stated she had made a last-minute choice within the polling sales space. “My thoughts at all times stored altering. I didn’t know who can be a sensible choice.”

Ahn Da-young, 29, stated she didn’t arrive at a choice till the day earlier than she voted early on Saturday, when she selected Sim Sang-jung, a third-party candidate and one among few ladies hopefuls.

“I don’t suppose she will probably be elected, however I didn’t merely wish to decide somebody that I disliked much less,” Ms. Ahn stated. “She was the candidate that I most needed to decide on by way of their political opinions.”

The disenchantment of some voters might stem from nervousness concerning the state of the nation, which is at the moment coping with an Omicron surge. On Wednesday, new day by day instances surpassed 342,000, and 1.2 million folks had been being handled for Covid-19, almost 1 / 4 of the full instances recorded by the nation for the reason that pandemic’s begin.

Voters additionally expressed disappointment with the present authorities, citing hardships such because the nation’s runaway housing costs. Whereas Mr. Moon loved a traditionally excessive approval score earlier in his time period, it dropped to 45 % final week, based on Gallup Korea. Many citizens stated this election can be a judgment of his administration.

“The present administration scores zero in my guide,” stated Lee Jae-don, 81, a retiree. “It hasn’t performed a single factor proper.”

Even Park Search engine optimisation-youl, 37, who voted for Mr. Lee, the candidate of Mr. Moon’s celebration, stated she selected him as a result of she hoped he would enact probably the most reform.

“I feel he’s the candidate who will change one thing,” stated Ms. Park, a translator in Seoul. “Reform is overdue.”

The election additionally coincided with a deepening bitterness over South Korea’s effectively documented revenue hole and gender inequality.

“What upsets me greater than anything is that this appears to be an period the place women and men are extra divided, the wealthy and the poor are farther aside and other people mistrust each other extra,” stated Stella Lee, 36, who works at an structure agency in Seoul.

“The seeds of mistrust are in every single place,” she added. “I don’t suppose they’ll go away anytime quickly.”



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