SEOUL, South Korea (AP) — South Korea’s presidential election campaign has highlighted discontent with the family-controlled industrial conglomerates that dominate the country’s economic life. The two main candidates promise a tougher line but neither is likely to tinker too much with a model that transformed South Korea into a global business power.
South Koreans head to the polls on Wednesday to elect a successor to President Lee Myung-bak, who has already served the maximum five-year term. The economic outlook is far less rosy than it was five years ago when Lee was elected on promises of business-friendly policies and annual growth of 7 percent.
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