Preliminary results from the parliamentary election held on Wednesday suggest a significant setback for President Yoon Suk Yeol's conservative People Power Party. The vote was seen as a crucial test for President Yoon, whose domestic agenda has faced opposition hurdles.
Since taking office two years ago, President Yoon has prioritized strengthening diplomatic ties with the U.S. and Japan. However, his attempts to implement business-friendly policies have encountered resistance, leading to perceptions of stagnation within his administration.
