ROK Drop

Avatar of GI KoreaBy on September 20th, 2012 at 5:33 pm

Should Ahn Cheol-soo Suck Up To the Chaebols?

According to this Reuters article South Korean presidential candidate Ahn Cheol-soo who’s popularity is based on going up against the established interests in Korea, should start sucking up to the established interests instead:

The latest runner in South Korea’s presidential race, software millionaire Ahn Cheol-soo, received a boost from the first poll taken after he declared his candidacy but is going to have to row back on his attacks on big business if he wins power.

Ahn, 50, once called financial crime was worse than homicide, referring to the heads of the conglomerates, or chaebol, who have been convicted and then pardoned over corporate scandals, as the head of Samsung Group, the largest group, and car giant Hyundai Motor Co have been.

Now established as the leading candidate in the December election by at least one pollster, Ahn is likely to have to shift his tone as he counts down the 89 days to a poll that pits him against the daughter of the country’s dead ex-dictator and a former political prisoner.

“Neither Ahn nor anyone else individually, even as president, can single-handedly change the chaebol. At most, Ahn should integrate the chaebols’ interests to help in closing the gap between the haves and have-nots,” said Jasper Kim a professor at Ewha Womans University’s graduate school in Seoul.

All three candidates for the December 19 polls – Ahn, the conservatives’ Park Geun-hye and the left’s Moon Jae-in – have pledged to share wealth and opportunities more evenly, reflecting the main concern of voters in opinion polls.

That means finding a way of reining in the chaebol whose annual revenues are equivalent to the gross domestic product of the world’s 13th largest economy.

Ahn, as a self-made man whose career has spanned medicine, technology and a top university post, is seen as the man who represents the aspirations of most ordinary Koreans, as opposed to those of the wealthy chaebol families who inherited their money and are trying to ensure it passes to the next generation.

“For many, he (Ahn) encapsulates the Korean dream – a socio-economic and political messiah,” said Ewha’s Kim.

Overnight Ahn rose to an almost six percentage point lead in a race against conservative candidate Park, the daughter of military dictator Park Chung-hee who ruled South Korea from 1961 until his assassination in 1979.

His message on the chaebol has rattled big business But he appears to have already started to moderate his tone.  [Reuters]

You can read the rest at the link.

Tags: , ,
  • Nancy
    8:43 pm on September 20th, 2012 1

    No. He needs to do what is best for the country – not what is best for the rich people. That is what happened in America and why it is so bad to live there today.

  • New Guy
    7:06 pm on September 22nd, 2012 2

    Nancy, ever get hired by a poor person?


RSS feed for comments on this post | TrackBack URI

By submitting a comment here you grant this site a perpetual license to reproduce your words and name/web site in attribution.

Bad Behavior has blocked 30098 access attempts in the last 7 days.