SUMMARY
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Despite her father having been the very architect of the Korean-model development state, Park Geun-hye has managed to move with the times. She now leads an economically successful country considered stricken with inequality, excessive power in the hands of the chaebol conglomerates, and a lack of decent jobs for young graduates. She promised to relieve these ills and spoke of “a new era of happiness” for Koreans. In her first speech since taking office, President Park, 61, mentioned the economic “miracle” several times, and referred explicitly to the “can-do” spirit of the first Park era. Park Chung-hee was one of the founders of modern Korea who took power after a coup d’etat and ruled heavy-handedly for 18 years. Some regard him as the cornerstone of South Korea’s present prosperity, others see him as a dictator who ignored human rights and crushed dissent. Despite the family’s past, 52% of voters elevated another Park to power.
Read more on The Economist and CNN.
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