Newsweek Japan asked me for a long-form essay on the challenges facing the new Korean president-elect for its December 26, 2012 issue (cover story to the left). Here is the link in Japanese, but I thought it would be useful to publish the original, untranslated version as well. (If you actually want the Japanese language version, email me for it please.)
The essay was actually written up before the outcome (a Park Geun-Hye victory) was known, but the argument still applies. In brief, I argue that Korea is drifting leftward. The young in Korea want chaebol reform and less political elitism at home, and abroad they want a foreign policy both less hawkish on North Korea and less influenced by the United States. In fact, if Korea weren’t aging so extremely fast, this agenda would have won. But Korea’s demography is now so skewed that ‘missing’ youth voters due to Korea’s super-low birthrate probably cost Moon Jae-In the election. (Not surprisingly, the Korean news is already reporting on youth action against against free bus fair for the elderly, because they ‘stole’ the election.) Nevertheless, the generational split is real, and the right would be foolish to govern against future voters’ wishes in the name of aging voters who will naturally pass away. Hence my prediction that Park will govern as a centrist not a conservative.
Regular readers of this blog will see themes I have emphasized before. This was intended for their print edition, so there are no hyperlinks included in the text. Here we go:
“On December 19, South Korea will have its sixth democratic election since the end of military rule in 1987. The main candidates are Park Geun-Hye of the conservative New Frontier Party and Moon Jae-In of the liberal Democratic United Party. Park is expected to win, as Moon has run a poorly organized campaign and the Korean left has split. Ahn Chul-Soo, a popular reformist liberal candidate, dropped out late in the race and only weakly endorsed Moon, while a far-left party, the Unified Progressives, has stayed in the race. All this will fragment the left’s vote, likely throwing the election to Park.