South Korean presidential candidate drops out, backs rival

SEOUL - A South Korean presidential candidate dropped out on Thursday , throwing his support to conservative Yoon Suk-yeol in a surprise move that could tip the balance of next week's closely fought election toward the conservatives.

"We're one team." The shake-up less than a week before Wednesday's election is bad news for Mr Lee Jae-myung, representing President Moon Jae-in's Democratic Party. Mr Moon is barred by term limits from seeking reelection. Voters want a president who can clean up polarised politics and corruption, and tackle the runaway housing prices and deepening inequality that have dogged Asia's fourth-largest economy, polls show.

Mr Lee vowed to press on his campaign, telling reporters:"I believe in history and the people. I will firmly walk the path of promoting people's livelihoods, peace and unity."

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korean schools reopen amid spike in Covid-19 cases
Source: STForeignDesk - 🏆 4. / 71 Read more »

South Korea sets out sanctions on Russian banks, state bonds
Source: STForeignDesk - 🏆 4. / 71 Read more »

Mapletree Logistics Trust acquires South Korea’s Baeksa Logistics Centre for $100.3 milThe property will raise MLT’s e-commerce revenue exposure in South Korea to 36% from 31% previously.
Source: YahooSG - 🏆 3. / 71 Read more »

Russia's closest friend in South-east Asia lies low amid Ukraine war
Source: STForeignDesk - 🏆 4. / 71 Read more »

South Africa skipper Elgar glad that brave toss decision paid offSouth Africa captain Dean Elgar felt vindicated after his 'bold' decision to bat first paved the way for a dominant second test win over New Zealand that levelled the series on Tuesday.The Proteas' batsmen had been routed for 95 and 111 in the series-opener at Christchurch on the way to their second-worst
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »