south korea and the u.s. try to offer technical briefings and how can they tried to talk about it during the summit because they know it's not only false, it is disingenuous. i think even the statements that he will negotiate with china about it raises some concerns. they've proposed more public funds and creating jobs. they spend more on the infrastructure to stimulate the economy and given the fact it has a plurality now in the national assembly. how effective could you be in getting that legislation through the current situation is when the park administration came through nothing but move forward unless all the parties have a consensus and unless a single party mobilized 60% they've abandoned their nuclear option on the national assembly level. it's going to require cooperation. his party is the minority and if you add to the people's party and the working coalition he has some real challenges and the advantage he has is in this environment a lot of the platform agenda in terms of having job expansion, pu

-south korea fta a "horrible deal." back when it was implemented in 2012, there's been a significant change in both economies. what makes sense to take another look at the deal? guest: from the u.s. perspective, they would definitely want to read look at the deal. the truth is the korean products are more competitive, and americans want korean products. that's why it is strong, not certainly -- not necessarily because of the deal itself. i don't think there is going to be a lot of chain in u.s.-korea trade relations. reporter: head of korea research at csla, thanks so much for joining us. trade issues, one of those core themes that has been playing out, but not so much recently in this election given that it has taken a backseat to north korea and the income inequality gap here in the korean economy. thank you. you are watching "daybreak asia." yvonne: this is "daybreak asia." betty: once china's richest man, the head of the largest soft drink maker, says the rise of the internet is ruining the economy. he is now merely

south korea's north korea's policy is influence by north korea's behavior as well as south korea's symmetric politics. north korea has conducted five nuclear test for the last 10 years and maybe hundreds of missile test so it is not to -- south korea's so innt policy then behaviornorth korea's -- fifthikely north korea continues provocative paper, south korea's public opinion is less likely to views engagement for it the munging government understands the importance of korea-u.s. alliance in .ealing with the north korea the president also spoke about about thece and talks need to strengthen so i think keepunging government will buterating with the essays, south korean people are concerned about the uncertainty and unpredictability in the and north korean policy. -- the former bush policy come istrumps policy even to me very uncertain and unpredictable which makes south korean people concerned about the possibility of child. northent trump says that korea has shown great disrespect for its neighbor, china. people do not understand what he means. -- the talked about south korean people do not

south korea's north korea's policy is influence by north korea's behavior as well as south korea's symmetric politics. north korea has conducted five nuclear test for the last 10 years and maybe hundreds of missile test so it is not difficult to -- south korea's constant policy then so in defense, north korea's behavior is less likely to stop those actions. south korean people feel very threatened by with korea's military provocations so most korean people support the international sanction on north korea and believe that china has not been cooperating in implementing the sanctions. if north korea continues provocative behavior, south korea's public opinion is less likely to support the views engagement. the munging government understands the importance of the korea-u.s. alliance in dealing with the north korea. the president also spoke about the alliance and talks about the need to strengthen so i think the munging government will keep cooperating with the essays, but south korean people are concerned about the uncertainty and unpredictability in the north korean and north korean policy. --

korea said they have hundreds that are aimed at south korea. i think at least in my view it is a question of the sovereignty and national security and that if you are willing to negotiate that along with china than you are willing to negotiateto negot anything away. south korea and the u.s. tried to offer technical briefings and they've refused. they try to talk about it duriny a summit and he turned it down because they know it's not only false but it's disingenuous, so i think even the statements that he will negotiate with chinath a about it i think that raises some concerns. >> we agreed before it was agreed on the domestic issues in terms of domestic policy, he's proposed ways to restructure the big conglomerate. he wants to spend more public funds before the unemployment in that sector and to spend more o infrastructure in the economy. given the fact that he only has a plurality now in the national assembly, how effective do youy. think or can he be in getting that legislation through parliament? >> he obviously needs cooperation. the oth

and south korea. there is probably a way of sequencing a lot of the elements of the strategy the trump administration has laid out together with the approach that sizingesidency is in the -- emphasizing in ways we can move forward. think we should automatically presume we are on a collision course. the fact of the matter is that this is in the concept of alliance. this is a family matter. within families you have to work through these issues in order to be able to move forward. as long as both leaders respect the fact that we are bound by the alliance, i am optimistic we will be able to move forward in a positive way. expect, mr.you song, from mr. moon in terms of north korea policy? i think -- >> do you want me to ask the question again? >> what do you expect from president moon in terms of north korean policy? what do you think he will do? strengthening through u.s.-korea alliance one of mr. moon's major priorities. about north korea. he supports the maximum pressure and engagement. the new administ

for south korea to be playing a larger role. but i think one thing that i often hear from korean colleagues, is they'll point to korea hosting a big event and say this is our coming out party? what about the g-20 or nuclear summit. you've arrived, you're a small country but punching extremely above your weight. you know, you are a player on the world stage. so you have impact, you know, disproportionally to your size, of population and geography. i think whether moon talks about being a global country or not, korea does have an impact on the world stage. i think that's a positive thing for whoever the south korean president is, perhaps they don't realize the impact that south korea does and can have. >> okay. thank you very much, i hope you found it a stimulating discussion. i want to thank our distinguished panel and please give them a big round of applause. [ applause ]

>> things changed significantly from south korea. they had no idea of horrors and they were a little bit comment play sent. north korea had a military attack on an island and killed two civilians. that was complete game changer in terms of risk perception on average south korea, particularly a younger south korea, that's very significant. >> let's talk about this leader now, a young man, he is not his faher or grandfather. how much should we put into these wild statements, these videos showing attacks not only on washington, the united states? who's in control there? is he a puppet head for a military that has not changed in a long time? or is this something who's really calling the shots >> evidently he's one calling the shots. he did have a, what he perceived to be a rival, his uncle and was executed. >> and now we have his brother >> right, his brother was most likely executed using a v xs nerve gas which is banned by international convention >> tell us about the effect of the upcoming south korea election how does that affect us?

like this man will be the new president of south korea. i will be a president that serves all the people, even those who did not support me. he wants better relations with north korea. we will look at what else missed them mean‘s victory will mean for his country. america is considering deploying thousands more troops to afghanistan, a shift in policy. live to washington. french politics continues to get shaken up, the former prime minister says he is jumping ship tojoin immanuel macron‘s party. jumping ship tojoin immanuel macron's party. this socialist parties there, it is behind us, not the history and values, but it had to move on. we will look at why minnesota is experiencing one of its worst outbreaks of measles. and right up to date with the champions league. this is south korea's next president. he was favoured to win, im proves president. he was favoured to win, improves doolan promising to prove the economy and relationship with north korea. we still don't have the official results. over 41%, north korea. we still don't have

but first, today, the people of south korea are voting for a new president. the election comes after the former head of state — park geun—hye — was removed from office as part of an ongoing investigation into corruption. the south korean economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1%. the current frontrunner, moonjae—in, has vowed to boost government spending and create over 800,000 newjobs in the public sector. his main rival — ahn cheol—soo — feels the government should be more cautious with its spending plans, but both candidates are united over one key issue: corruption. south korea is still reeling from a "money—for—influence" scandal which has seen several of the country's top executives grilled by politicians. this includes the bosses of massive corporations such as samsung, hyundai and lotte group. in the past, large conglomerates were credited with south korea's rise to economic prominence, but now many experts are questioning whether the count

has been installing in south korea. the swearing-in happening earlier today in south korea. on our schedule this afternoon we will have the white house briefing coming up at 1:30 p.m. eastern. senate democrats are holding the policy committee holding a discussion on health care and the impact of the recently passed american health care act. the congressional budget office tweeting they will score the official cost of the bill sometime in the week of may 22. the house is out this week on a district work period. the senate is in session and you can follow the coverage on the future of health care in the future of health care legislation in the senate with on c-span2. [indistinct crowd noise]

without an active role for south korea. moving forward i think we will see a whole different set of situation as this new president will try a very different approach to handling kim jong—un try a very different approach to handling kimjong—un and try a very different approach to handling kim jong—un and the try a very different approach to handling kimjong—un and the north korea problem. which influenced you think a liberal human rights lawyer will have with the trump administration? i think that the trump administration is hurtling down a dead end in terms of their north korea policy. we saw them try military threats, got a lot of attention, you know, there has been much media focus on some concern but at the end of the day it does not work. there are too many vulnerabilities. i am with unite hillary fire here in the city of seoul, a city of io hillary fire here in the city of seoul, a city of 10 million, 25 million for the larger metropolitan area. there is really not a military option. you cannot pre—empt thei

happened with south korea. and currently we are experiencing a very tense situation vis-a-vis north korea . we always enjoy a good relationship between japan and the united states and the united states and south korea but i think this is a good opportunity for japan with the further cooperation with north korea -- south korea and we hould add australia and india. , 10 years, $7.5 billion investing that money is strengthening the presence of the united states in the asia pacific. that was proposed in the united states and i am looking to see how this will develop. and in japan -- if the trump administration asks japan to further build up our capability or increase the budget for the a different dget could be raised up to 1.2% of g.d.p. and then that additional -- the budget can be used to increase the capability and increase the infrastructure capability. o support the u.s. presence. by doing so i believe that japan should take leadership in structuring the network in asia. the first, i would like to talk about

exactly, a sunny day and south korea. kospi ate cos an all-time high. 11 million people have a ready finished early voting on thursday and friday, so there is a lot of attention on what happens here after that distort ouster of president park. koreanot all about south when it comes to the political scene. over the weekend, we had the french elections, macron leading , commanding gains in france, and the market seemed a little muted in terms of reaction, david. david: absolutely. last week, we were talking about these risk reversals. -yen, theil and euro lowest levels in years, so it was priced in. just in case we did get a pop in the euro, it would be a surprise given how markets were position. look at a share. function. we are looking at past these hurdles. this takes us to brexit and canher or not mr. macron form a coalition to have a majority in parliament. have a look at markets on the fly, japan reopening after three days of holidays. the rest of the region on the way up with the exception of china. forex, the do

nuclear weapons back into south korea. they were there but were withdrawn at the end of the cold war. perhaps, trying to assassinate the north korean leader. pre-emptively destroying the missiles on the ground before they're used and so on. the advantage of course of missile defense is that it is les provocative than some of the other options but you certainly need to consider all of the options when faced with our threat. the president is currently undergoing that review but they said that they cannot get pressure on china and north korea, they will consider other options. >> when you see north korea launch these missiles is this saber rattling? is this an indication that their technology is advancing? >> all the stuff about destroying the united states is saber rattling. but what is new, they are increasing their capabilities. they are testing the ability to launch longer-range systems. the ability to launch them from submarines, launch them from missiles. so far their tests have been mixed. they sometimes succeed, but t

in south korea. hiring workers for jobs educated south koreans don't want to do -- they are not producing the kind of jobs these well-educated young south koreans want to do. these are the two major issues facing the new president on the local front. >> according to the latest exit polls, victory is seen for the liberal candidate. official results still a few hours away. tensions have been escalating with north korea in recent weeks. i was the next president going to handle relations with foreign relations with the north and japan in particular? >> south korea is facing a triple threat of the genetic issues now with the united states -- can the new president get on board with the trump administration's north korea policy which is fairly opaque? he's got one thing in his favor -- he said he will like to talk to north korean leader kim jong-il a un. korea's of china, south largest trading partner, there's a diplomatic problem -- the chinese are unhappy with the south koreans and americans deploying an

today we're focussed on south korea. in a few hours we will find out who the next prime minister will be. we have been looking at what influence business has on politics in the country. let's look at markets quickly to bring you up—to—date. in europe, they were up by a quarter of a percent when we last looked. we'll bring you the numbers later. the numbers are on the screen. that's what europe is doing. so details there. as you can see, another rise in the cac and the dax. imagine losing your child at a theme park — something most people would rather forget. but witnessing another parent's panic resulted in our next guest giving up her career in investment banking to become a tech entrepreneur. last year, colleen wong launched a smartphone watch, the gator, it allows parents to keep track of their kids, without having to give them a mobile phone. but colleen says being a start—up boss is not glamorous. as well as running a company, she is a busy mum caring for two kids. to keep costs down she employs two flexible

a aegis system that we can deploy off of the coast of south korea. >> given the fact that south korea is the easiest and the most direct target why would moon jai-in, and the most e cent president choose to remove a system like that? >> well, it is a great question, baecause the chinese are very upset at the thadd system for a number of reasons, because they believe that we can turn the knobs on the system to use it to defend against the chinese missiles, and china obviously does not like that, and also, china doesn't like the obvious show of disoobedience on the part of the south koreans. and so china has been employing sanctions against south korean businesses, and those sanctions have hurt the south korean economy, and also moon jai-in believes generally speaking that a more positive approach towards both china and north korea are go ing the work. i don't agree with that, but that is the way that he and the supporters are looking at it, because they believe that the korean nationalism is the most important force in the world, and not the defense of the south korean homeland in a co

zbl and there's not a better time than now as we count down to the olympic games in pyongyang south korea and the excitement is building all over the world. >> the winter games will give more people the chance to learn about korea's history and culture o learning can start is here at the korean cultural center in washington, d.c. >> the korean cultural center in washington offers a window into the country that will soon step on to the world's largest stage as pyongyang hosts the 2018 winter olympics. so people have started to learn about movies and dramas and film and all different types of traditional contemporary art. >> adam works at the center with lee who came as an international student. together they are bilingual and bicultural messengers for cori where and the olympics. >> i'm so happy. >> he was too young to remember the last time korea hosted the olympics for the 1988 seoul summer games but he knows how much his country has changed over the last 30 years and how important the olympic games are to show casing cori where's advancements in >> it was a big turning point to korea to

and south korea elections with provocations and we have an election in south korea may 9th. so it's entirely plausible the north koreans could carry out something that's non ballistic missile, non nuclear directed at south korea that could also spin out of control. so miscalculation could come from a variety of different places. >> well, i appreciate your testimony, and needless to say we focussed a great deal on north korea. we didn't really talk as much about china. graham alison has a new book "destined for war" that i think we all need to study with regard to china. we could have an entire hearing on that. thank you very much for your testimony. >> thank you. let me thank the panel for very compelling testimony. thank you very, very much and on behalf of chairman mccain declare that the hearing is adjourned. thank you. >>> tonight at 8:00 on c-span, supporters and critics of president donald trump on foreign policy during the first 100 days. here's former u.s. ambassador to germany john emerson on the president's credibility with foreign ledders. >> so let's say, we're p

test south korea with these missile launches what has been the reaction is far the mood in south korea and what could be expected no you with this? >> reporter: well, look, engagement is the buzz word, it's the promise of the party in power. it was the discussion between the envoy and president trump this week. you we heard them say engagement could be possible. it could be the goal of achieving de nuclearization or talks about it. you we heard south korea repeat that engagement can only happen if conditions are ripe. actually, that's exactly the language that was used recently by a top korean dip lo massachusetts he said the doors could be opened to talks if conditions were right. we have this barrage of confrontation, we can say constant missile tests. they will come out immediately and condemn these provocations, last week, the president after the first launch of his tenure often said that south korea must respond to pyongyang in the face of these provocations. but they have continued. they hope for the possibly of engagement. it all raises the question, what could be achieved throu

i think there is an opportunity for south korea to become a key player. obviously with this press conference there is a lot going on in washington that is occupying or preoccu pying going on in washington that is occupying or preoccupying the minds of many americans. it is interesting with the win in korea it has a lot to do with uniting the country against all of the corruption that was at play with park, with the previous administration. so there is the opportunity to have a clean slate and to serve a mediating role as they go forward not only with north korea but he also has to get his own house in order. the economy in south korea needs to improve and they have got a chronic case of youth unemployment. many, many young people under 30 came out to vote and there is a promising change, wind of change here, and i think he will be able to work with the trump administration and with the abe administration and with the abe administration in japan. many administration and with the abe administration injapan. many people are feeling rather good about this out

coming to us out of the white house from south korea. that's back on south korea. you're watching 100 days+ from bbc news. still to come for viewers on the bbc news channel and bbc world news — we will look at the sally yates testimony before congress and examine exactly who knew what information about russian connections to members of the trump administration. and the british prime minister sits down for an interview alongside her husband. what kind of political currency can be gained by campaigning with your spouse? that's still to come on 100 days+, from bbc news. the weather is looking really good tomorrow, lots of sunshine on the way. the thickened stub unploughed is now in the process of shrinking. more of us tomorrow will have the clear blue skies. very few of us will be stuck underneath the grey skies. with the clearing skies this evening, also comes a very chilly night. here is the forecast over the next few hours. hardly a cloud in the sky, the far north of scotland, some spots of rain. these are city temperatures, right in the middle of town, outside o

last week, we saw it in south korea. it was a year where the attention of the world was glued to the choice of decisions of people of these countries and this backdrop of the skepticism over free trade. the committee of social affairs attracted attention in the u.k. and germany. general elections are coming. as we approach autumn in china, the leadership reshuffle is expected next bring. this comes with the russian presidential election. meanwhile, i have consistently emphasized free trade. that is because when creativity and innovation can be fully exerted, and when the ideas and results cross through the realms, that results in the prosperity in other realms. on top of that, global warming is advancing. the global community is challenged with difficulties, exchanges of insights, expertise, and they become the key to finding solutions with respect to the government. the government should eliminate barriers to such activities and to reinforce institutions to render fair and just recognition of results of innovation. orde

cooperation among key allies in looting south korea -- including south korea and south asian partners based on the host region support network across the region under japan's leadership is vitally important to develop. japan and the u.s. together could be -- with regional partners would need to ramp up ,he capacity in southeast asia namely the philippines and vietnam. it is consummate challenging in the south china sea. a rapid first development to enhance the maritime domain awareness of japan's capabilities and to facilitate an operating picture to counter behaviors of the chinese. i will stop here and look forward to your comments and questions. thank you very much. [applause] >> thank you to each of you for concise and for size observations on the challenges and responsibility on us as allies. ofwill ask a few questions our distinguished statesman on this day didn't open it up for your westerns in a moment. -- questions in a moment. i appreciated what you said about the nose goes state approach to north korea, the pressure in diplomacy. like you i am skeptical that we will get muc

south korea. he wants to establish dialogue with the north and often times the north will try to give the south koreans a hard time in order to give them incentive to start talking. we also know the trump administration wants to talk to kim jung-un. this gives everybody a reason to sit down and try to cool off matters. therefore, i think it's an attempt to start dialogue. >> eric: every time in all of branches handed out, 1994 the oil for food treaty with president clinton, when president george w. bush took them off the state-sponsored terrorism, doesn't seem to work. it backfires. the new president of south korea's more liberal and is reaching out with a hand to reach out to north korea and kim jung-un, kim jung-un slaps it down by another provocative action. >> i agree with you. i think now is not the time to start negotiations with north korea. the only time you do that is when north koreans realize they have no choice but to give up their nukes and missiles. >> eric: how do we do that? will i

president trump last week said south korea should pay for it. let's go live to seoul and bring in cnn's alexandra field for the very latest. what's been the reaction there in south korea to this about-face, this contradiction? >> reporter: yeah, well, there has been so much tension on the peninsula when it comes to the rising north korean nuclear and missile threat. then you had this weird tension kind of cropping up between south korea and the u.s. when u.s. president donald trump took everyone here by surprise by saying that south korea should foot the bill for this billion-dollar system. a little background for our viewers is the fact that the u.s. was strongly pushing for this system. it's their system. they designed it. they're the ones who are operating and deploying it, and they had even said that it was critical to get this thing operational within a matter of days, given the advanced threat from north korea. then president donald trump says, actually, south korea should pay the billion-dollar bill. south korea says wait, there was an ag

bwo will have no south korea and big china shares. those are two allocation differences the people sometimes miss. julie: it is always important to look inside those etf's. i want to read a quote from his presentation. he said passive investing does not even exist. it is just rules-based investing. the s&p is not rules-based, it is run by a committee. people are blindly having the money over to an investment committee that they know nothing about. >> i think he is right. i think he is onto something here. ae s&p is picked by committee. academics will to you that a true path is to take product to market cap. it is picked by a committee good if you look at the s&p and breakdown the holdings, it is 25% tech. and stocks went from 2% to 7%. you have momentum big into the s&p. i think he is -- momentum baked into the s&p. i think he is right in his call. there are active funds taking in money, but they tend to be cheaper ones like vanguard. i think lower-cost what was is what was meant -- i think lower-cost is what was missed there. julie:

so the missile system and north korea are the big consideration and within south korea, it is domestic, the economy thatis korea, it is domestic, the economy that is getting people going. and he was elected on this, really. he said he would create 810,000 public sector jobs he would create 810,000 public sectorjobs and get the economy going faster, particularly for young people. that is what they will now look at him and say, ok, you made these promises, made a lovely speech, what will you do? indeed the use unemployment rate is high in south korea, in the high double digits and there is also promise of reforms in the conglomerates. what he has promised there, everybody says more transparency, but what he wa nts to says more transparency, but what he wants to do is give minority shareholders much more power. he had a situation with samsung, for example, last year where there was a minority shareholder that was pushing through, trying to push through a restructure of the conglomerate. the ruling family fought against it vigorously and ultimately won. this economy is a fabulous economy a

south korea. admiral harris, we welcome your views on whether further enhancements or our conventional military posture are required in northeast asia to counter the threat from north korea. for years, the united states has looked at china, north korea's long-term patron and sole strategic ally to bring the regime to the negotiating table and achieve progress toward a denuclearized korean peninsula. we have done so for the reason that china is the only country that may have the influence to truly curb north korea's destabilizing behavior. but china has repeatedly refused exercise that influence. i welcome the trump administration's outreach to china on the issue of north korea. but as these discussions continue, the united states should be clear that while we earnestly seek china's cooperation on north korea, we do not seek such cooperation at the expense of our other vital interests. we must not and will not bargain over our alliances or over fundamental principles of the rules-based order. as it

., japan and south korea -- china and south korea. [applause] >> good evening, ladies and gentlemen. i am shinzo abe. thank you very much for inviting me. i am delighted to see so many guests from the united states, as well as the nations of asia. please, enjoy your stay in japan. it has been more than four years since i have retaken the government. japan, before that, under the rule of the democratic party of japan was in wrapped with pessimism with a since of resignation. japan was struggling with inflation. japan was not able to make its presence felt in the international arena. population is shrinking, thus it can no longer expect growth, japan is already in its twilight years, such was the lament we often heard looming large before us to give it all up. the stock price, at the time, was less than half of what it is today over 8,000 yen or so. i stood up to take on the challenge. i promised to restore japan to what she use to be. how is japan today? during the past four years through our economic policies, nominal gdp has grown by

of artillery launchers in most densely populated cities on earth which is south korea. we are working with the international community to deal with the issue. bottom line it would be a catastrophic war if this turns into combat, if we are not able to resolve this situation into diplomatic means. >> the trump administration taking swift after action learning about kim jong un new provocative action sending a third aircraft carrier strike force and one of the world's largest warships to the pacific region. south korea also urging national security council a day after north korea had seen antiweapon

military and other means in south korea. president trump has gone the aunt president obama and his policy review in terms of considering a wider range of options. some of these issues aired in which may influence chinese decision-making, putting pressure on china for policies, putting u.s. nuclear weapons gone the south korea, end of the cold war, perhaps trying to assassinate the north korean leader, preventively enjoying -- before could be used and so on. we want capabilities. is less provocative, and some of the other options, but you need to consider all options and the president is currently undergoing that review but they said that they cannot get pressure on china and north korea, they will consider other options. host: is it an indication technology is advancing? all the stuff about destroying the united states, we have seen this for a while. they are improving their capability and they are testing the ability to launch longer-range systems, the them from launch submarines, missiles, and so far, their tests have been

south korea has decided. we are getting a very crucial data point that really kind of, i guess, puts into perspective what the new president will be , challenge or white. we are talking about the unemployment numbers, expected to edge down slightly. -- challenger-wise. talking about the unemployment numbers. it has reached a record number, youth unemployment. that will be a key challenge for moon jae-in. icked here. the weew he has to start working as soon as possible. where jobs lie is going to be a big key. anchor: we are going to switch from korea to talking about china and economic numbers coming out in just a few hours' time from now. that is inflation numbers. we will be speaking about that with the standard chartered head economicr china research, looking ahead to what these inflation numbers mean for the economy and what it means for consumer spending. so important to try to stoke those numbers or stoke that consumption in that country, haidi. haidi: that's right. is that inflation story in china stil

last week, we saw it in south korea. it was a year where the attention of the to the choice of people of these countries and to this, skepticism over, free trade, the community of social affairs directed attention in the uk and germany. general elections are coming. as we approach autumn in china, leadership reshuffle is expected next spring comes the russian presidential election. >> when creativity and can be fully exerted. on top of that, global warming is advancing. when the global community is challenged with difficulties, exchanges of insights, expertise, and they become the key to finding solutions, with respect government should do is to eliminate barriers to such activities and to bring institutions to render fair and just recognition of results of innovations. in order to promote and industry that will be effective sufficient time will be spent by measured reforms. we shall also -- the activities overseas and to promote japanese fees. if it was economized, and transportation cost can be expected to decline. the

is the big focus, probably rightly so, outside south korea, but within south korea, it‘s that domestic thing — like everywhere probably — of the economy, which is really getting people going, and on which he was elected really. he said he would create 810,000 public sectorjobs. he would get the economy going faster, particularly for young people, and that‘s now what they are going to look at him and say, all right, you made the promises, you did a nice speech, what are you going to do? indeed, there is a very high youth unemployment rate in south korea, in the hi double digits, and of course he has also promised reforms in the conglomerates. yeah, what he has promised there, everybody says more transparency, but what he wants to do is give minority shareholders much more power. we had a situation with samsung for example, last year, where there was a minority shareholder that was pushing through, trying to push through, a restructuring of the conglomerate. the ruling family fought it very vigorously, and ultimately won. this economy is a fabulous economy with some very economy is

reopening a joint economic zone between north an south korea. i suspect one of the first things he will do is send an envoy to north korea to find out what is even possible. so i think many, many, many, mas he's going to be much more proactive in dealing with north korea than previous korean administrations and the united states has been. >> woodruff: speaking of the u.s., what is his attitude toward the u.s. and what do we know of his attitude toward president trump? >> you know, in some ways it's a misnomer that leftist korean presidents are hard for the alliance. almost every korean president left or right realizes a good relationship with washington is important, so when he was chief of staff, that was when south korea and the united states signed the free trade agreement, for example. so i don't actually think there will be that much change in the u.s. relationship. he's also said the right things about trump, which is he thinks he can work with trump, and i think that the particular important thing for moon is to craft that kind of persona

south korea on edge, our ally in this fight? >> personally it just makes absolutely no sense. it seems like this is a time when we need a stronger alliance with south korea really at any other point in history. yet president trump seems to be going out of his way to alienate south koreans. h.r. mcmaster's comments are interesting just because they are so divergent. we've seen this consistently with the trump foreign policy where advisers are going around on damage control and have a message that's contradictory to the commander in chief. at the end of the day, the president is the commander in chief. so who is really running the foreign policy of this country? >> so gordon chang, let's talk about the rhetoric as well toward china from president trump, the way he sort of since that meeting, it seems to me with president xi and mar-a-lago, praised chinese president, changed his tone completely from the campaign. is that sort of relationship between president trump and president xi having an impact here or wl it he an impact on the

it is election day in south korea. following months of political turmoil, it's time to choose a new president. we are at a polling booth here in the capital, seoul. as voters come in, they get their name checked off and then further over, they receive their ballot papers. then they head into the booth to make their vote. we can see a few potential voters coming through. they popped their ballot paper in the box and that's how it's done. we have officials making sure everything is being done in accordance with the law. to get a bit ofan accordance with the law. to get a bit of an idea, though, what is in people ‘s minds when they make that crucial decision, professor, can you tell us what are the most important issues for people when making their decision on who to vote for? this is the first time that the election in south korea resembles that of vat in france rather than the pinery competition in the united states. —— rather than that. we have conservative factions. it is no longer a very simple, tissue between

south korea's new president says he favours more dialogue with the north. he is starting his first day in office after victory in tuesday's election. and fine—tuning one of the world's iconic buildings. renovation gets under way to improve the acoustics inside sydney's opera house. hello. president trump's decision to fire the director of the fbi has been met with widespread shock and a mass of questions. james comey was the man in charge of investigating russian interference in the us presidential election, and whether or not the trump campaign colluded with the russians. the white house says mr comey has been dismissed on the recommendation of the attorney general, jeff sessions, and his deputy. their letters to him have been made public. president trump told the fbi director he was not able to effectively lead the bureau, and went on to say he was hereby terminated and removed from office, effective immediately, and that it was essential to find new leadership. the democratic leader of the senate, chuck schumer, told president trump he was making a big

south korea has its own idiosyncratic issues. when you look east, politics has traveled east, politics and trade. you mentioned the yuan. what is it that stands out as a key issue around the yuan? here's a chart on the yuan. >> the thing that strikes a more than anything else is the attempt by authorities to punch it bubble. we have seen the impact with regards to the stark market, but i think more practically, it is slowing down demand. the thing that strikes most obviously as commodity prices. imports fore lowest several months or more, and that is making, itself felt not just in terms of prices but also in terms of major export partners as well. australia is a classic example. anna: manus pulled up this chart -- this is the yuan trade weighted exchange rate. this is where the pboc wanted to focus. this is yuan versus all trading partners, and it has been pretty stable. if we are looking at places to worry about where china contingent could come from, it is not this particular story. >> that's exactly right. ever since we intro

people in south korea are voting for a new president following the impeachment of park—guen hye. the front—runner, moon jae—in, favours closer ties with north korea — the so—called sunshine policy. record numbers of migrants — have tried to reach europe so far

>>> the economic gap in south korea is becoming a serious issue. over their lifetimes, employees of smaller enterprises reportedly earn only half of those working for the major firms. with four major companies comprising 60% of south korean's gdp, a person's success in life is determined by the size of the firm they work for. new graduates as well as continuing job seekers are applying for major firms heating up competition. only one out of more than 700 applicants will be accepted by the very top firms. abandoned generation has become a buzz word referring to young people who had to give up something important because they couldn't land desperation radio, an online radio program that began in august, 2015, has become the talk of the town. [ speaking foreign language ] >> this woman became an act activity two years ago. se she started the radio to discuss the plight of the young people. [ speaking foreign language ]hes the plight of the young people. [ speaking foreign language ] during the program, d.j.'s read out letters from young people about t

south korea. one thing we haven't been told is who or how many people with south korea, the cia director, is meeting. we do know he won't be meeting with any of the presidential candidates for sort of obvious reasons. that's a touchy subject visiting another country meeting with prmp candida presidential candidates. >> the president said the thaad missile system in south korea has to be paid for by south koreans and he may want to renegotiate a deal with the south koreans. h.r. mcmaster assured him that the united states will, in fact, pay for the new defense missile system being deployed there. how is that all going over? >> reporter: well, i think that has gone a long way to reassure the south koreans. this is a real contentious issue here in south korea. there are people here who do not want to see thaad deployed here. it is not a huge part of the population but it is significant. some of the presidential candidates have come out against it as well, or at least said, look, this is something tha

but, i would rather say the self-assured sovereign and autonomous acting south korea and south korean ally is much more in the interest of the united states. brent: what about this theory -- he could be the man -- we've been talking for weeks and months about china and the u.s. being the players and being key to finding resolution on the korean peninsula -- maybe none of that is true? maybe it will be an unexpected leader from south korea that is going to bring peace to the peninsula? hannes: this is rather a dream. he is not the savior that can solve all the problems at once. it is a very, very complicated and complex situation in the region. you have to talk to all the actors in the region, particularly china. he is not a man that can solve the problem by himself. ith his moderate personality and experience and background with the kim jong-un administration, he could be a moderator between. brent: he was elected with this huge political scandal surrounding his predecessor. is he going to clean up the corruption that voters think is just rampant in politics? hannes: at least he said

the polls have opened in south korea's presidential election. the front runner, moonjay—in, has criticised the perceived privilege of south korea's elite, and has called for a new vision to achieve peace with north korea. the philippine government has told the united nations human rights council, there's been no wave of extra—judicial killings since president duterte took office vowing to kill drug traffickers. the french president—elect emmanuel macron is beginning the process of forming a government, while his political party sets its sights on winning a majority in next month's parliamentary elections. residents on a remote irish island have flocked to see a sandy beach that's reappeared after being washed away by storms more than thirty years ago. and the top story here in the uk. theresa may has recommitted the conservatives to a target of reducing net annual migration to the tens of thousands, if they win the election. labour says it stands for a fair and managed immigration system. now the latest business news from singapore. voting