South Korea

Talks between the U S and North Korean governments have born significant fruit, with Pyongyang agreeing to freeze its nuclear weapons programme in return for a food aid package from the US. While we see this as a positive development, we believe the moratorium is likely to have implications on the parliamentary elections in South Korea in April by boosting the credibility of the main opposition Democratic Unified Party (DUP) given their more conciliatory policy towards the North. Pyongyang is likely to be leaning towards a DUP win in the April elections, as well as the presidential election in December, given the increasing likelihood of the North receiving more aid should this happen.

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