Big day for South Korea today!

18 Dec

Today is election day in South Korea.

Very close race between candidate #1: the conservative Park Geun-hye, daughter of former dictator/president Park Chung Hee, best known for his controversial yet undeniably effective term resulting in South Korea’s rapid economic transformation and growth and candidate #2: the liberal Moon Jae-in, chief of staff for the late President Roh Moo-hyun.

Obviously, there’s a lot of talk about Park potentially becoming this country’s first female president.

Whoever wins though, there will be a need for continued big pushes for there to be more sustainable economic growth and smaller income disparity not through handouts but investment in education and real opportunities for the overlooked.

Without industrialization and then a huge economic boom in South Korea, the incredible beauty industry here (among many, many other wonderful and important things) would not be what it is today. Namely, the cutting edge beauty R&D labs that are the most renowned in the world would probably not exist. Hopefully, whoever wins will be able to fuel more growth for South Korea. Peach and Lily is looking forward to what new companies/industries will be born/grown in the years to come.

Here’s a picture of the iconic Blue House, the headquarters for South Korea’s executive branch and official Presidential residence. This site has been associated to Korea’s leaders since prior to the 10th century and eventually became the back garden for the royal palace in the 1300’s.

Fig_03_Blue_Housesmall

Looking forward to finding out who emerges as the new President of South Korea!

Alicia

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