It’s official — prosecutors have cleared Lee Myung-bak of allegations linked to the BBK financial scam.
Nevertheless, a leaked note — or supposedly a leaked note — in which Kim claims prosecutors offered to go light on him if he testified favorably for Lee will ensure the scandal won’t go away immediately. Not that it matters — the election is just 14 days away, and a Dec 1 poll put Lee at 40%, more than doubling support for the No. 2 guy, Lee Hoi-chang (19.2%), and the No. 3, Chung Dong-young (14.6%). Lee’s a runaway freight train that cannot be stopped — at this point, he could probably pay his respects at the Yasukuni Shrine and still get elected.
This article in today’s Hankyoreh shows us why, at least partially. Voters in their 40s living in the capital region (i.e., Seoul and its surrounding cities) are solidly pro-LMB, with 45.3% supporting the former Seoul mayor (compared to 44.2% in the capital region, and 40.2% nationwide), and what’s more, nearly 70% have no intention of switching to another candidate, and they’re planning to vote in comparatively high numbers (according to a Dec 1 poll by the Hani and Research Plus). When asked how they would determine whom they’d vote for, 50.6% said “drive,” as opposed to 23.6% who said, “ethics.” Compare this to 2002, when only 21.6% of those in their 40s said “drive,” while 42.4% said “ethics.”
Obviously, this tends to favor a corruption-plagued guy whose nickname is “Bulldozer.”
Interestingly, Seoulites in their 40s were a major base of support for Roh Moo-hyun in 2002. The real estate and education issues have really killed that support, however, and many of Roh’s supporters are now firmly behind LMB.
Just in case you care, according to a Dong-A Ilbo—Korea Research poll, the only region LMB is not leading in is — you guessed it — Gwangju and the Jeolla provinces, where Chung Dong-young is leading with 40.8% support. LMB commands just 11.1% in that region, although I believe that’s a lot for a GNP candidate down there.
At any rate, Chung Dong-young and Moon Kook-hyun are reportedly moving closer to forming an alliance, with Moon proposing a one-on-one debate to determine who would represent the alliance in the upcoming election. Personally, I like Moon — and you know what I think of Chung — but I just can’t see Chung’s ego letting him step aside even if Moon managed to win the debate.
Other minor candidates and notables and picking sides now, too. Sim Dae-pyong of the People First Party lent his support to independent conservative Lee Hoi-chang, former justice minister Kang Keum-sil expressed her support for Chung Dong-young, and independent lawmaker and Hyundai son Chung Mong-joon joined the GNP and expressed support for LMB. Like I said, I really don’t think any of this matters, but it’s kind of fun to watch, nevertheless.
The only thing, in this humble pundit’s opinion, that could possibly trip up Lee at this point is Park Geun-hye suddenly switching sides. Which, I should point out, is never outside the realm of possibility. That being said, she’s been a good soldier for Lee so far, and I don’t see that changing, especially with LMB’s numbers where they are.


28 Comments
I think it is typcial “Korean justice” that MB is not be taken to task for the BBK scam.
His signature is on the contract!
No one has said that the contract is a forgery. And it is outside the realm of reason to say (1) “there is no link between BBK and MB,” and then
(2) remain silent on the fact his signature is on the contract. His signature is on the contract. Where in the world does that mean he is not the owner of the company.
The prosecution’s decision today smacks of the old song in Korea of popularity trumping truth. And I think it stinks!
Well, that’s official. I’ve lost all interest in the Korean elections.
The post’s title really sells it to your readers.
Since this news broke, there has been a strong surge of optimism about a Lee Myung-bak presidency among both expatriate and local business people that has been immediately palatable. One gets the feeling that for too long S Korea has been held back by small-minded political correctness and vengeful “historical correction” nonsense, and too little focused on moving the country back on to the old pace which propelled this country from poverty to almost where it is today within a single generation. Within a half year or less, we shall see if we may be entering a new paradigm of strong leadership and streamlining of red tape, allowing this country to fully stand up and resume the “Miracle n the Han” that has laid dormant for the past decade.
While I am most hopeful, I’m also keeping my fingers crossed. But as a businessman, it could be fun to see Daehan-minguk kicking butt once more.
Tom, if Daehan-minguk stopped kicking butt, why do you stick around?
Contrary to expectations, “This is my home” is the reason for most of us to be here.
Speak for yourself Dorothy; and remember you ain’t in Missura nomore.
Right, assisted by The American Chamber for the Promotion of Korean Commercial Interests, and Uncle Sucker willing, we’ll see a return to that old-fashioned neo-mercantilist religion…
Time to stop drinking the soju koolaid.
Sperwer, as I recall, you’re not stuck in the pit of wage slavery which enmires so many poor souls. So, what is your reason for staying here?
Whoever gets elected, I hope the new government takes a pragmatic approach at solving domestic problems instead of manipulating nationalism and xenophobia to divert the tax payers attention away from them.
I’m going to take a page from the Democrats here and say I’m glad who MB is NOT. I’m just glad he’s not Roh or his hand-picked appointed successor, Comrade Chung. Change is in the air in Seoul and it’s about time.
That is the only positive comment one could make only because Chung is such an novice to government.
Still, I do not believe Hanara has learned the lessons of change or has learned from its mistakes.
I could deal with a novice. It’s the totally misguided and unconditional support of the Sunshine Policy that bothers me. The DPRK’s human rights violations alone are grotesque. Throw in some nuclear blackmail, the threat of turning any number of countries into a “sea of fire,” counterfeiting and fraud, and you’ve totally lost me.
Chung is not a novice. He served two terms in the National Assembly, was twice Uri party chairman, and did s stint as Unification Minister. He is a known factor to the Korean electorate.
OK, a bit OT, but does anyone else here think that Kim Kyung-jun will be quietly sent back to the US after MB becomes president?
Novice, no. Inept, maybe. I would find it hard to imagine voting for a right of center party in Canada, but after witnessing a decade of student council/amateur hour government in Korea, I might be inclined to do so here.
Actually, I feel a little bad for Korean voters. My wife doesn’t know who she’s going to vote for. There isn’t a single candidate she feels remotely enthused about. She reckons whoever gets in - LMB, in all probability - he will be a huge disappointment. She’s probably right.
#16,
“There isn’t a single candidate she feels remotely enthused about. She reckons whoever gets in - LMB, in all probability - he will be a huge disappointment. She’s probably right.”
Well, one could argue that every South Korean president has been a huge disappointment. Why break the pattern now?
GBNHJ:
You once admonished me to be more careful about OPSEC, so suffice it to say that I have several reasons for being here, but the principal one is, contrary to the implication of the song, that the answer to Tina Turner’s question is “Everything”.
The Great Pretender and the knuckleheads learned everything they know about manipulating nationalism and xenophobia from the right wing governments of the past, so what do you think the chances really are, no matter which gag of knuckleheads gets in?
Okay, he is inept.
I have felt the same about the 2000, 2004, and 2008 US presidential elections.
#19,
I was being sarcastic.
Notice what I wrote at #17.
“Well, one could argue that every South Korean president has been a huge disappointment. Why break the pattern now? ;)”
I think you guys are misunderstanding what politics is all about.
NOBODY will fit your ideals.
You mainly weight the pros and cons between the major 2 electables.
And, if after the term is up, your country’s living standards increased, life is generally better, then that President did his freakn job.
If you pay less taxes, a bonus.
I like the bonus.
Everyone is a cheapskate, a theif, and a conman when it comes to money.
I don’t know why everyone believes everyone else will pay for your problems.
K-Presidents have met the majority of the required goals, so I dare to say none did a bad job overall. All get a B- or above.
in short, choose between the lesser of two evils.
there are many examples of some fucked up countries, where one President has managed to make everyone poorer in less than a decade.
No, it’s definately not Bush II.
#23,
All right, good argument.
#24,
Okay, yes, logical.
#25,
Why did you have to ruin it all with a tu quoque argument?
True dat, Sperwer.
Something is rotten in the state of Denmark (and by Denmark I mean Korea)…
http://www.youtube.com/watch?v=8ZFAywhGTgk
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