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Moon Jae-in On Course For South Korean Election Victory

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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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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