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Yen falls past ¥153 after sticky US inflation report

Left-wing parties won a landslide victory in South Korea’s parliamentary elections on Wednesday, dealing a severe blow to conservative president Yoon Suk Yeol.

The main opposition Democratic Party of Korea (DPK) is projected to win 176 out of 300 seats in the National Assembly, according to results released early on Thursday morning, against 109 seats for Yoon’s People Power Party (PPP).

Together with the smaller Rebuilding Korea Party, which is projected to win between 12 and 14 seats, that means a left-wing alliance will control up to 190 seats — enough to fast-track legislation through the parliament, but just short of the 200 required to override a presidential veto.

Via

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