South Korea presidential election: how will it affect the economy?

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  Hello and welcome to World Business Report on the BBC World Service.

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  Will Bain with you again today.

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  Thanks as always for being back with us.

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  On the programme today we'll hear early indications on who may be the next leader of one of Asia's biggest economies after South Koreans.

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  headed to the polls.

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  And we'll take a look too at the challenges ahead for whoever takes power,

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  particularly when it comes, of course,

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  to those trade issues with President Trump and the United States.

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  Speaking of tariffs,

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  the US's top trade negotiator is going to be in Europe on Wednesday to try to ease some of those trade tensions with its biggest trading partner.

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  So what are the European Union's expectations for those talks?

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  We really, really,

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  really want to avoid the worst case scenarios with the US

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  because this is the strongest trade and economic relationship in the world worth 1.6 trillion euro annually.

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  We should be doing everything we possibly can to save it, to strengthen it, not weaken it.

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  Yeah,

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  we'll hear about more about those talks a little bit later on on World Business Report.

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  Let's start, though, in South Korea,

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  where polls have now closed in its presidential election,

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  with exit polls projecting that the country's next president will be Lee Jae-myung.

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