South Korea’s presidential election

Posted on November 19, 2012

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South Korea’s presidential election due to be held in one month will be resolving the economic disparity between large and small businesses.Next month’s election will determine who will lead the country for the next five years.Park Geun-hye of the ruling Saenuri Party is leading other candidates in a poll.
Moon Jae-in of the Democratic United Party and independent Ahn Cheol-soo are trying to join forces for a unified candidacy before the registration period starts on November 25th and 26th.
Under outgoing President Lee Myung-bak’s administration, the country’s economy has maintained a good performance.
But South Koreans are showing their frustration with government policies that benefit large companies, leaving small businesses to fend for themselves.Symbolic of the problem is how large-scale supermarkets run by big companies are out-competing small local shops.South Korea’s largest opposition party and an independent politician have agreed to resume talks on unified candidacy in the country’s presidential election next month.
Moon Jae-in of the Democratic United Party and independent Ahn Cheol-soo agreed to join forces against the front-runner from the ruling party on Sunday.
Negotiations between the two camps reached a stalemate last week because of differing opinions.
But on Sunday night, the two candidates again held talks in the capital Seoul after Moon made concessions such as leaving Ahn to decide how to proceed with a single candidacy.
Going into the meeting, Moon said he will do his best in the discussions for the benefit of the Korean people.
Ahn said the important thing is to secure a victory and regime change in the upcoming election.They also reached an agreement on combining policies from both camps, including downsizing the number of lawmakers.
The two sides are expected to iron out their differences by November 25th…the start of the 2 day election registration period.