Park Geun Hye was elected president of South Korea, becoming the first woman to lead Asia’s fourth- biggest economy more than 30 years after her father’s rule as dictator ended with his assassination.
Park, 60, of the ruling New Frontier Party, defeated main opposition nominee Moon Jae In, 51.6 percent to 48 percent, the biggest margin of victory in 25 years. Stocks and the won were little changed in morning trading.
The never-married daughter of the nation’s longest-serving dictator will lead a country with one of the world’s most entrenched gender gaps. She must confront a slowing economy, widening income disparity and re-engagement with North Korea after the totalitarian state’s rocket launch last week.
Read more at Bloomberg Businessweek, published 19 December 2012.
Park Geun Hye was elected president of South Korea, becoming the first woman to lead Asia’s fourth- biggest economy more than 30 years after her father’s rule as dictator ended with his assassination.
Park, 60, of the ruling New Frontier Party, defeated main opposition nominee Moon Jae In, 51.6 percent to 48 percent, the biggest margin of victory in 25 years. Stocks and the won were little changed in morning trading.
The never-married daughter of the nation’s longest-serving dictator will lead a country with one of the world’s most entrenched gender gaps. She must confront a slowing economy, widening income disparity and re-engagement with North Korea after the totalitarian state’s rocket launch last week.
Read more at Bloomberg Businessweek, published 19 December 2012.