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Market Chatter: South Korea's Ruling Democratic Party Wins Local Elections

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South Korea's ruling Democratic ​Party secured the majority of seats in local elections, early vote counting showed on Thursday, Reuters reported the same day.

President Lee Jae Myung's party won Busan and led in 12 of 16 mayoral and provincial contests across the country, the report said.

Meanwhile, incumbent Oh Se-hoon of the opposition People Power Party (PPP) held a narrow lead in the capital Seoul, where voting disruptions have been reported over a shortage of ballot papers, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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