This is a re-post of my pre-election prediction piece for the Lowy Institute a few weeks ago.
It’s dated now of course, so you should probably read something else. But, I think I broadly got things right: Korea is a stalemated society. Neither right, left, nor center has a majority. So even though Moon won, he won’t govern far too the left. He does not have the political space to do it. He will be a social democrat, not a socialist.
The left won, but its combined total, 47%, is the same as Moon’s 2012 total. So the left missed a huge chance to cross 50%. Choi-gate was a once-in-a-lifetime chance for the left to prove it could win a national majority, which it has never done, and it failed. This is practically a smoking gun that the left cannot win a majority here, that South Korea is a center-right society.
The right ducked a huge bullet by coming in second. Had Ahn beaten the Liberty Korea party, LK might have faded into a largish third party as the People’s Party assumed the role of the head of the opposition. For much of the race, polling suggested this. Hong got very lucky, given the SK right is now a national embarrassment. They stuck with Park way too long into Choi-gate, and then Hong, in wild desperation, started calling himself the ‘Donald Trump of Korea,’ whatever the hell that means. Ech. The SK right’s time in the wilderness is well-deserved.
The center flopped. Ahn has been saying for 7 years that he could be president, and when he finally got the chance, he imploded. His debate performances proved how soft his support was. When he flamed out on TV, his voters fled. The question now is whether Ahn has a future at all in SK politics after such a dismal showing after all the hype. The answer is probably no.
The full essay follows the break: