Struggling South Korea Candidate Yoon Replaces Campaign Team
(Bloomberg) -- South Korea's top opposition candidate for president disbanded his campaign team for an overhaul -- dealing a blow to the conservative bloc's hope to take back power in an election just two months away.
People Power Party candidate Yoon Suk-yeol announced Wednesday in Seoul that he was dissolving his campaign amid sagging poll numbers. Yoon, a former top prosecutor who entered politics to try to oust the party of his one-time boss, President Moon Jae-in, told reporters he was willing to “admit some of the mistakes my campaign team has made.”
“Please give me some time,” Yoon said. “I will show the public the changed image of Yoon Suk-yeol in a completely different form.”
The move comes after the former front-runner fell behind Moon's chosen successor, Democratic Party candidate Lee Jae-myung, in opinion polls. Yoon was trailing Lee by 12 percentage points as the public's preferred choice in the March election, a Hankook Research survey released Saturday showed.
Yoon's campaign has been beset by infighting as he struggled to quiet ethical controversies including whether his wife exaggerated her credentials to get a job, something he denies. The political newcomer has also been criticized for a series of gaffes, saying, for instance, that the poor and less educated don't understand the necessity of freedom.
Yoon publicly clashed with his campaign chief, Kim Chong-in, who accused the candidate of being unwilling to accept advice and work with someone who doesn't share his views. Kim said that Yoon had failed to offer a “vision” for the presidency.
During his news briefing Wednesday, Yoon offered Kim his “sincere gratitude”
“I will deeply reflect on the steps that disappointed my supporters, especially those in their 20s and 30s,” Yoon said. “I will not say what I want to say, but what the people want to hear.”
©2022 Bloomberg L.P.
-
India's Troika Of Good Luck | Joining The Dots
A weaker Trump, a cooling AI trade and resilient earnings have put Indian markets back in favour. Rising inflation could spoil the party.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.