South Korea

September 2005 | Risk Summary

President Roh Moo-hyun has failed to persuade the main opposition party to form a broad coalition government that would focus on economic reform. With South Korea in a state of flux economically, political stability is of the utmost importance, especially in order to deal with North Korea's nuclear development. Roh, whose approval rating has fallen below 30%, said he was willing to stand down to end the entrenched regionalism in national politics, which is stalling reform efforts. But the Grand National Party has turned down the offer, calling it unconstitutional and a threat to South Korea's young democracy.

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