At long last, South Korea has elected Lee Jae-myung as its President. One, however, cannot be sure at this stage as to what the way forward would be for the nation during its new presidency. Observers say the overall scenario looks uncertain. There are optimistic signs from the viewpoint of diplomacy. The class character of the ruling Democratic Party of Korea and the opposition People Power Party is more or less the same. Both of them invoke nationalism and call for a strong South Korean defense. The leaders of both parties have had ties with the powerful family-controlled business empires known as chaebol. There has been a near bipartisan consensus across the South Korean political spectrum to build on South Korea’s foreign policy tradition. President Lee is likely to push forward this consensus only.

Earlier, Lee did look somewhat opposed to........

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