Moon Jae-in On Course For South Korean Election Victory

Liberal politician Moon Jae-in won South Korea’s presidential election on Tuesday, exit polls showed, an expected victory that would end nearly a decade of conservative rule and bring a more conciliatory approach toward North Korea.

A decisive win by Moon, with more than 40 percent of votes in a field of 13 candidates, would end months of political turmoil stemming from a parliamentary vote in December to impeach former President Park Geun-hye over an extensive corruption scandal.

The Constitutional Court upheld her impeachment in March, making her the first democratically elected leader to be removed from office and triggering a snap election to choose her successor.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.