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Free AccessDPK Ldr Lee Attacked With Legislative Elections Just Months Away
Leader of the main opposition liberal Democratic Party of Korea (DPK) Lee Jae-myung was attacked earlier today on a visit to the southern city of Busan. Lee was stabbed in the neck by a 67-year old assailant, and was airlifted to hospital in the capital, Seoul, for surgery after emergency treatment. His condition is not thought to be life-threatening. The attack comes as political attention in South Korea turns towards the upcoming legislative elections on 10 April.
- Lee's DPK currently holds a majority of seats in the unicameral National Assembly, with 167 of 300 seats, compared to 112 for the conservative People Power Party (PPP), from which President Yoon Suk-yeol hails.
- Lee has been seen as a favourite to run for the presidency once again in 2027, having lost out to Yoon in the 2022 vote. A strong performance of the DPK in legislative elections - something seen as largely on the cards following a string of by-election wins in 2023 - could bolster Lee's chances (should he remain in frontline politics).
- Should the DPK remain in control of the National Assembly it would further constrain Yoon's policy-making abilities, with the legislature able to override presidential decisions with a simple majority vote.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.