Seoul risks deepening ‘Korea discount’

Moon Jae-in risks pulling Korea backward at the worst possible moment with what is essentially a $440-million stock bailout

October 31, 2018 4:53 PM (UTC+8)
Samsung heir Lee Jae-yong, center, and other South Korean business tycoons are seen on a plane bound for Pyongyang on Sept 18.
South Korean President Moon Jae-in's stock bailout fund will help business tycoons at a time when he needs to crack down on monopolistic behavior. Photo: AFP / Pyeongyang Press Corps
Samsung heir Lee Jae-yong, center, and other South Korean business tycoons are seen on a plane bound for Pyongyang on Sept 18. South Korean President Moon Jae-in's stock bailout fund will help business tycoons at a time when he needs to crack down on monopolistic behavior. Photo: AFP / Pyeongyang Press Corps
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