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South Korea


International Outlook: Global Wrapup

SOUTH KOREA

The country's Byzantine presidential race is taking a new turn as the ruling Democratic Liberal Party looks as though it might split. An influential politician, Lee Jong-Chan, seems likely to join with former general Chung Ho-Young and former President Chun Doo Hwan to form a new party. Such a coalition could prevent Kim Young-Sam, the ruling party's choice, from winning the December presidential election and tip the balance to opposition leader Kim Dae-Jung. Lee's entry could increase the clout of Hyundai Corp. founder Chung Ju-Yung, whose presidential campaign has roiled Korean politics. If Chung chooses to withdraw as a candidate, he could play a strong kingmaker's role.Edited by Stanley Reed


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