South Korean Lee's Parliament Win Paves Way for His Conservative Growth Plans

[Robbien]

Source: Bloomberg

As of 1:20 a.m. Seoul time today, the GNP had taken 150 seats in the 299-seat National Assembly in yesterday's vote, according to the National Election Commission. The opposition United Democratic Party had 77 seats, while the Liberal Forward Party, headed by former GNP leader Lee Hoi Chang won 17 seats, and the Democratic Labor Party won 4 seats.

Lee, who won a landslide victory in December on a pledge to increase foreign investment, cut corporate taxes and deregulate business, needed a majority to enact those changes.

Read more: http://www.bloomberg.com/apps/news?pid=20601080&sid=a8o0OUWBOvJA&refer=asia

[Tempest]

1. Looks like South Korea is well on its way

To the economic problems we're seeing here.

[HEyHEY]

2. I was in Seoul like two weeks ago

And you didn't even have a remote feeling there was an election going on. Weird.

[Robbien]

3. Did you get the feeling that South Koreans

really want this new right wing policy and want deregulation, free trade and more capitalism? It was my previous opinion that the people of South Korea were happy with the system they currently had. This right wing conservative vote was surprising.

[HEyHEY]

4. I couldn't read them at all

But, they LOOOOOOVVVEEEE money there. So I'm sure they could be easily fooled by the deregulation scam.