South Korea is the last of the three East Asian powerhouses to elect a new political leader in 2012. The election for a five-year term president on December 19, has ended up as a two-horse race between the first ever female candidate, Park Geun-hye, and Moon Jae-in. But few expect there will be major changes to either the country’s economy or to its politics, whoever wins.

SOUTH Korea goes to the polls on December 19, 2012, in what could prove to be an historic election. One of the two candidates is a woman who, if elected president, would become the first female leader of an East Asian country in modern times.

Park Geun-hye, 60, is the eldest daugh...

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Dr. Stefan Lippert
Ms Park positions herself as a ‘safe bet’, appealing to the generally risk-averse Korean culture
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