
South Korean voters head to presidential polls following months-long political crisis
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South Koreans headed to the polls on June 3, 2025, to elect a new president to lead the nation. Opposition Democratic Party nominee Lee Jae-myung was the front runner ahead of conservative ruling People Power Party candidate Kim Moon-soo in the final polls conducted the week before the election. A third contender, Lee Jun-seok, a former PPP leader who is now running for the Reform Party, was splitting the conservative vote. The winner will face major challenges, including uniting a deeply fractured country and restoring growth to a shrinking economy that is among the world's most vulnerable to tariffs imposed by US President Donald Trump.
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South China Morning Post
an hour ago
- South China Morning Post
Trump's tariffs to squeeze Vietnam even if it lifts all duties on US goods: Lutnick
Washington will not reciprocate even if Hanoi removes all tariffs on American goods, according to US Secretary of Commerce Howard Lutnick, as he said Vietnam re-exports a significant volume of Chinese products to the US. Advertisement 'Absolutely not, absolutely not. That would be the silliest thing we could do,' Lutnick said when Republican Senator John Kennedy asked him whether the US will respond in kind if Vietnam decided to eliminate all tariffs and trade barriers against American imports, calling a potential agreement like that 'a terrible deal'. Lutnick added that Vietnam exported US$125 billion in goods to the US while only importing US$12.5 million worth of American products, without specifying a period. 'They buy US$90 billion from China, then they mark it up and send it to us. So it's just a pathway of China to us,' Lutnick said, though he suggested there might be some room for negotiations if Vietnam decides to stop re-exporting Chinese goods to the US. 05:19 How are Chinese citizens feeling the effects of the US-China tariff war? How are Chinese citizens feeling the effects of the US-China tariff war? A number of US brands, including Apple Inc. and Nike Inc., have manufacturing partners in Vietnam. Often these suppliers import materials and parts from China and conduct the final assembly in Vietnam. These American companies could be affected if US President Donald Trump eventually decides to slap stiff tariffs on the Asian nation.


South China Morning Post
9 hours ago
- South China Morning Post
New South Korea leader faces tightrope act between US alliance, stronger China ties
Hours after Lee Jae-myung was sworn in as the president of South Korea early on Wednesday, Chinese President Xi Jinping extended a congratulatory message, emphasising that China placed 'great importance' on strengthening ties with its neighbour amid an increasingly uncertain global landscape. Advertisement During his campaign, Lee pledged to repair strained ties with China and North Korea and underscored China's role as a vital trading partner. Analysts predicted more stable China-South Korea relations to come, saying Lee's foreign policy would be marked by 'pragmatism', flexibility and economic urgency – a departure from former president Yoon Suk-yeol, who steered the country to align more with the United States. However, diplomatic observers also cautioned that any improvement might be constrained by South Korea's delicate position within two 'triangles': the China-South Korea-Japan dynamic and the South Korea-Japan-US alliance. They said his ambition to maintain a balanced approach between Beijing and Washington would still be tested. Advertisement Da Zhigang, researcher at the Institute of Northeast Asian Studies at the Heilongjiang Provincial Academy of Social Sciences, said Lee was likely to seek a more 'balanced and flexible' approach to China that pursued South Korean domestic interests, compared with Yoon's more ideological and nationalistic approach.


South China Morning Post
10 hours ago
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Caspar Fownes is ‘King of the Valley' once more, while Ellis Wong continues strong form
Caspar Fownes rocketed to the top of the unofficial Happy Valley trainers' championship and Ellis Wong Chi-wang continued his strong form as the pair bagged doubles at the city circuit on Wednesday night. Wins from Joy Of Spring in the Class Three Tai Tam Gap Handicap (1,800m) and Kaholo Angel in the card-closing Class Two Wan Chai Gap Handicap (1,200m) took Fownes to 23 victories at the track this season, with the 'King of the Valley' leapfrogging Mark Newnham to assume the lead. 'We're back in front. We'll keep doing our best,' said Fownes before praising his apprentice Wong. 'Lovely ride – he's ridden beautifully all night, the kid. He's come a long way, he's doing well and I'm sure everyone's going to want a piece of him now. Kaholo Angel does it again! 🔥 Three wins in four starts for Caspar Fownes' in-form grey galloper as @elliswong05 makes it a double tonight... #HappyWednesday | #HKracing — HKJC Racing (@HKJC_Racing) June 4, 2025 'Lovely to get that result with [Kaholo Angel]. When you get up to Class Two in Hong Kong, it's very tough and that looked a proper field. But Ellis gave him a lovely ride and thankfully he got it done.' After five wins in May – including three last week – Wong kicked off June in fine style with an early success aboard Mega Bonus for Ricky Yiu Poon-fai in the second section of the Class Four Wong Nai Chung Gap Handicap (1,200m) before delivering the goods aboard Kaholo Angel. 'I have to thank my boss [Fownes] for all his support. I've been lucky and [when you] start to ride well, the support starts to come and the confidence starts to come, too,' said Wong. 'I hope to get more winners and keep improving.' Also on Wednesday night, the win of S J Tourbillon was a welcome one for Karis Teetan, who ended a run of 39 rides without a victory by driving the Dennis Yip Chor-hong-trained galloper home in the Class Four Mount Nicholson Handicap (1,800m). HK Racing News Get updates direct to your inbox Sign up Best Bets Racing News By registering you agree to our T&Cs & Privacy Policy Error: Please enter a valid email. The email address is already in use. Please login to subscribe. Error, please try again later. THANK YOU You are one the list. Four wins from the past three fixtures for @elliswong05! 🔥 Our apprentice makes all aboard Mega Bonus for in-form trainer Ricky Yiu at Happy Valley...#HappyWednesday | #HKracing — HKJC Racing (@HKJC_Racing) June 4, 2025 'Dennis said the horse was in good shape and that the track should help him,' said Teetan after S J Tourbillon travelled three wide before barrelling home down the middle of the good-to-yielding track. 'The only thing he said was to get him out of the gates and get him into a good rhythm and I must say he let down nicely.' Teetan wasn't the only one seeing off something of a drought at the midweek meeting, with Keagan de Melo bagging his first success since early April. After enduring 38 losing mounts, South African De Melo speared the Douglas Whyte-trained Golden Darci up the inside from behind midfield in the Class Four Cricket Club Valley Stakes (1,200m). 'He trialled well at Conghua and Dougie was kind enough to give me the ride. Drawing barrier one was really a help and I was able to get close without using him,' De Melo said. S J Tourbillon (ex Roman Empire 🇮🇪) grabs a first win in 728 days at Happy Valley! 🤯 Formerly with @coolmorestud, the Galileo gelding powers through testing conditions with @KarisTeetan for Dennis Yip... 🌧️#HappyWednesday | #HKracing — HKJC Racing (@HKJC_Racing) June 4, 2025 'These conditions really suited him and he quickened through the line really nicely. 'Things are slowly starting to pick up. There's been a couple of suspensions along the way, but nice to get a win and I'm really grateful for the support I get.' The win was Golden Darci's second from his past three starts and continued an uptick in form for De Melo's countryman Whyte. 'He let down really well and I think Keagan gave him a good ride. He was patient, he waited for the gaps to present themselves and when they did, the horse let down well,' said the trainer. 'He looks like he loves the track. He loves the pace on. The draw was certainly beneficial tonight and I do think the cut in the ground made a significant difference to his performance. Brilliant steer, @kdemelo01! 🤯 South Africa's ace rider weaves to victory in the Cricket Club Valley Stakes with Golden Darci for @DJWhyteTrainer... 🏆#HappyWednesday | #HKracing — HKJC Racing (@HKJC_Racing) June 4, 2025 'He's got a bit of confidence about him now and let's hope he's on his way. 'It's slowly ticking over again,' added Whyte after moving to 23 successes for the season. 'The horses are at their right rating and I've got a lot of older horses that, towards the back of the season, always come good. 'When there's a bit of juice in the ground like this these older horses always let down a bit better. 'Things are coming together nicely. December, January, February were slow with young horses taking their time – just the normal Hong Kong season – but the back end of the season will be nice.'