Key Points
(Bloomberg) -- South Korea holds elections on April 10 for its parliament that will determine if President Yoon Suk Yeol can wrest control of the legislature and advance pro-business policies in the final three years of his term or instead becomes a virtual lame duck, with progressive forces continuing to thwart his agenda..
All 300 seats are up for grabs in the unicameral parliament known as the National Assembly, and Yoons conservative People Power Party is trying to flip more than 30 seats to gain the majority now held by the progressive camp led by the main opposition Democratic Party..
The latest polling shows the PPP as the most popular party but its margin may not be enough to wrest control of the body in the election that serves as the only nationwide referendum on Yoons government during his single, five-year term..
The most likely scenario is for the Democratic Party-led progressive bloc to keep its majority in parliament, which currently stands at 169 seats, with a few spots being flipped on the margins that do not dramatically upend the status quo..
Metro areas account for about 40% of the 300 seats and the Democratic Party took them by about a seven-to-one margin over the main conservative party in 2020, according to the Korea Herald. ..
