Myung-Bak Wins

As expected, former Seoul mayor and Hyundai executive Lee Myung-bak seems handily to have won yesterday’s South Korean presidential election. Exit polls have him at between 40 and 50 percent of the three-man race. This is good news for South Korea, Asia, and the United States. Lee is not only an experienced businessman and politician, he is likely to bring a more realistic approach to Korean affairs, warm up relations with the U.S., and perhaps even take South Korea onto new paths of international involvement. For now, Lee has promised a “747” strategy: achieve 7 percent annual growth, increase South Korea’s per capita income to US$40,000, and put the country in the top 7 nations worldwide in terms of GDP.

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Myung-Bak Wins

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