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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.
SOUTH KOREA
The approval rating of South Korean President Yoon Suk-yeol's has dropped to 19% following a poorly received first four-months in office.
- According to Morning Consult's Global Leader Approval Tracker, Yoon is now the least popular global leader of the 22 covered by the survey.
- Yoon's approval rating is being buffeted by a controversial education policy roll-out which led to the resignation of Minister of Education Park Soon-ae earlier this week.
- Hankyoreh: "The Ministry of Education ended up facing a firestorm of public opinion after announcing plans to lower the elementary school admission age by one year to students aged at least 5 years old, along with additional plans to abolish foreign language high schools."
- Yoon has also received criticism for appearing to snub a visit from US House Speaker Nancy Pelosi (D-CA) following her Congressional delegation to Taiwan.
- According to Morning Consult, South Koreans have the world's least favourable view of China and Yoon's decision to travel to China, to provide assurances to Beijing, at the height of tensions in the Taiwan Strait rankled with South Korean voters.
- ROK's Joong Ang Daily: "Yoon could have saved some of his sinking approval rating if he showed up at the presidential office in Yongsan for a special meeting with a foreign guest."
- Yoon notably told the press that he doesn't, "care about approval ratings,” but the Korea Herald cautions that the collapse of Yoon's approval, and allegations of nepotism are likely to hinder an ambitious domestic agenda which includes reform in education, pensions, and labour.
Chart 1: Yoon Suk-yeol Approval Rating Over Time, % (Morning Consult)
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.
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