South Korea to elect new leader to tackle soaring house prices and inequality

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South Korea to elect new leader to tackle soaring house prices and inequality
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Some 44 million South Koreans head to polls to elect the country's next president on Wednesday, capping a race that has been marked by a series of surprises, scandals and smear campaigns.

The winner of the election will face mounting challenges including deepening inequality and surging housing prices that have strained Asia's fourth-largest economy.Voters are also looking for a leader who can root out corruption, heal the divided nation and polarised politics, and kick-start negotiations to curb North Korea's evolving nuclear threat.

Lee was governor of the country's most populous province of Gyeonggi and shot to fame on the back of his aggressive coronavirus responses and advocacy for universal basic income. Both candidates' disapproval ratings matched their popularity as scandals, mud-slinging and gaffes dominated what was dubbed the"unlikeable election."Yoon had apologised over his wife's use of an inaccurate resume for teaching jobs years ago.

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