South Korea: Park Wins S. Korean Presidency, First Female Leader
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.
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.