Clouds over South Korea begin to lift

The impeachment of Park Geun-hye, South Korea’s first female leader, could prove a major opportunity for Asia’s fourth-largest economy, says the Financial Times. Her removal from office following an influence-peddling scandal that triggered a one million-strong protest march “reinforced the country’s credentials as one of the world’s thriving democracies, responsive to public sentiment and bounded by due process and law”.

She is now likely to be replaced by Moon Jae-in, a former human-rights lawyer, who could “tackle political cronyism and pull apart the nexus between big business and government” that has long afflicted Korea. Family-run [...]

Merryn

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