Berliner Boersenzeitung - Election campaigning kicks off in South Korea

EUR -
AED 4.164672
AFN 79.381312
ALL 98.078734
AMD 435.238144
ANG 2.029275
AOA 1040.326447
ARS 1298.935714
AUD 1.75863
AWG 2.040978
AZN 1.920795
BAM 1.957771
BBD 2.291707
BDT 138.249172
BGN 1.956838
BHD 0.427495
BIF 3377.459584
BMD 1.133876
BND 1.462999
BOB 7.842895
BRL 6.401299
BSD 1.135043
BTN 97.027676
BWP 15.235337
BYN 3.714589
BYR 22223.978366
BZD 2.279925
CAD 1.570215
CDF 3248.555719
CHF 0.934978
CLF 0.027884
CLP 1070.041138
CNY 8.166744
CNH 8.166744
COP 4731.382945
CRC 575.38684
CUC 1.133876
CUP 30.047726
CVE 110.376113
CZK 24.896529
DJF 202.123473
DKK 7.460028
DOP 66.90824
DZD 150.117356
EGP 56.532357
ERN 17.008147
ETB 152.827722
FJD 2.564795
FKP 0.847921
GBP 0.844387
GEL 3.106318
GGP 0.847921
GHS 13.506597
GIP 0.847921
GMD 81.639318
GNF 9832.071143
GTQ 8.712771
GYD 238.15975
HKD 8.87298
HNL 29.544872
HRK 7.538693
HTG 148.582195
HUF 402.97175
IDR 18506.564434
ILS 4.028414
IMP 0.847921
INR 97.141633
IQD 1486.916515
IRR 47764.545411
ISK 144.410433
JEP 0.847921
JMD 180.422423
JOD 0.803929
JPY 162.328067
KES 146.984412
KGS 99.157293
KHR 4543.614023
KMF 492.670781
KPW 1020.502863
KRW 1564.024224
KWD 0.347839
KYD 0.945865
KZT 578.70022
LAK 24541.029541
LBP 101700.024454
LKR 340.056826
LRD 227.008524
LSL 20.279783
LTL 3.348043
LVL 0.685871
LYD 6.221263
MAD 10.467838
MDL 19.631022
MGA 5082.116049
MKD 61.591571
MMK 2380.514185
MNT 4060.019645
MOP 9.152735
MRU 44.983077
MUR 51.568709
MVR 17.529784
MWK 1968.181323
MXN 21.93658
MYR 4.833146
MZN 72.466135
NAD 20.279783
NGN 1807.354001
NIO 41.772789
NOK 11.512905
NPR 155.245651
NZD 1.913167
OMR 0.436509
PAB 1.135043
PEN 4.184512
PGK 4.652766
PHP 63.07471
PKR 319.936573
PLN 4.242355
PYG 9066.126661
QAR 4.138166
RON 5.072393
RSD 117.389726
RUB 90.684115
RWF 1625.94397
SAR 4.253006
SBD 9.468738
SCR 16.120342
SDG 680.899999
SEK 10.843561
SGD 1.46138
SHP 0.891049
SLE 25.761608
SLL 23776.822403
SOS 648.655847
SRD 41.556275
STD 23468.953171
SVC 9.93213
SYP 14743.20864
SZL 20.285421
THB 37.021296
TJS 11.66244
TMT 3.974237
TND 3.396319
TOP 2.655655
TRY 44.000988
TTD 7.710864
TWD 33.989644
TZS 3061.466116
UAH 47.030645
UGX 4145.17285
USD 1.133876
UYU 47.277593
UZS 14633.925227
VES 107.544241
VND 29453.574594
VUV 137.544465
WST 3.140941
XAF 656.620901
XAG 0.033747
XAU 0.00034
XCD 3.064358
XDR 0.816622
XOF 656.618002
XPF 119.331742
YER 276.496019
ZAR 20.348479
ZMK 10206.245539
ZMW 30.873488
ZWL 365.107753
  • RBGPF

    67.2000

    67.2

    +100%

  • CMSC

    -0.2100

    22.05

    -0.95%

  • CMSD

    -0.3800

    21.79

    -1.74%

  • NGG

    0.1500

    73.57

    +0.2%

  • BCC

    -2.5900

    87.33

    -2.97%

  • BTI

    0.0200

    44.46

    +0.04%

  • RIO

    -0.2600

    61.98

    -0.42%

  • JRI

    -0.1000

    12.72

    -0.79%

  • SCS

    -0.2400

    10.01

    -2.4%

  • RELX

    0.1100

    55.1

    +0.2%

  • GSK

    0.1400

    38.54

    +0.36%

  • AZN

    -0.2400

    69.68

    -0.34%

  • VOD

    0.0300

    10.42

    +0.29%

  • RYCEF

    -0.0100

    10.91

    -0.09%

  • BCE

    -0.1900

    21.47

    -0.88%

  • BP

    -0.3200

    28.88

    -1.11%

Election campaigning kicks off in South Korea
Election campaigning kicks off in South Korea / Photo: Anthony WALLACE - AFP

Election campaigning kicks off in South Korea

The candidates vying to lead South Korea kicked off their official campaigns Monday ahead of a snap presidential election to replace the country's impeached ex-leader, removed over a thwarted martial law bid.

Text size:

On June 3, South Korean voters will pick a new president, offering closure after months of political turmoil triggered by Yoon Suk Yeol's ill-fated effort to suspend civilian rule in December.

For 22 days from Monday, the six officially registered presidential candidates will campaign across the country, accompanied by ear-splitting blasts of re-written K-pop songs, with uniformed campaign staff performing choreographed dance moves.

The frontrunner by a large margin, polls show, is main opposition Democratic Party candidate Lee Jae-myung, with 43 percent support.

Hundreds of supporters gathered in central Seoul early Monday chanting "Lee Jae-myung, President!" as Lee officially kicked off his campaign.

Lee, who narrowly lost in 2022 presidential elections to Yoon, thanked all his supporters who "helped rebuild after the painful defeat".

"I promise to repay their support with victory," he told a cheering crowd.

After a chaotic few days of party infighting, the country's conservative People Power Party (PPP) said Sunday that former labour minister Kim Moon-soo would be their official candidate.

Kim, who is polling at around 29 percent support according to most recent data, started his official campaign at a local market in Seoul.

"I genuinely believe I must become a president for the people: a president for livelihoods, a president for the economy," Kim told reporters on Monday morning.

"I must be a president who ensures the people of South Korea live well."

- Self-destruction -

Kim was picked by the party on May 3, only to have his nomination cancelled a week later as party bigwigs sought to replace him with ex-prime minister Han Duck-soo, who was seen as a stronger bet.

However, the party's rank and file voted down the motion, meaning Kim was reinstated as the nominee by Saturday night.

The turmoil has experts and PPP supporters warning that unless they get their act together, it will be an easy victory for Lee in the upcoming elections.

"The PPP is just a mess. They are just self-destructing," Lee Jung-ja, a 52-year-old self-described PPP voter told AFP, as he watched Lee kick off his campaign in downtown Seoul.

"Even if they unite, it still won't be enough. All they're doing is fighting with each other. I bet Lee Jae-myung is gloating."

Experts believe the conservatives' internal chaos has weakened their chances in the election, a contest where they were already at a significant disadvantage.

"The upcoming election is likely to become a battle between Lee Jae-myung and those opposing him," said Kang Won-taek, a political science professor at Seoul National University.

"The problem, however, is that the opposing side, specifically the conservative camp, seems to be greatly divided."

The fact that both the last PPP presidents -- Park Geun-hye and most recently Yoon -- were impeached "reflects a broader crisis" in the party, Kang said.

The upcoming election may show that the conservative party "no longer seems sustainable in its current form".

(L.Kaufmann--BBZ)