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Economy / South Korea

South Korea

May 2012 | Ratings Update

Increasing fractures are surfacing within the ruling Saenuri Party, with rumours of an internal power struggle growing following the party's legislative election victory in April and ahead of the party's upcoming leadership election in May. Recently, Chung Mong-joon, a senior leader of the Saenuri Party announced his bid for the presidency, pitting himself against party and overall election frontrunner Park Geun-hye. Chung contends that Park, who assumed the chair as emergency party leader before the legislative elections, has stifled democracy within the party by ruling authoritatively. Should the divisiveness persist, we highlight that short-term policy continuity, as well as the

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