29 January 2025

Yoon’s fall sets up a comeback for South Korea’s progressives

South Korea is on the brink of major political upheaval following Yoon Seok-yeol’s declaration of martial law and subsequent impeachment. While there is a chance Yoon could be reinstated, his removal would pave the way for a new presidential election likely to be won by Lee Jae-myung. Lee’s sweeping parliamentary support could drive substantial domestic reforms, including implementing an unconditional basic income. Meanwhile, Donald Trump’s return to the White House complicates Seoul’s foreign policy, especially as Trump may seek to cut Seoul out of North Korea negotiations. If Yoon remains in office, political turmoil could deepen, though foreign relations may...