Basic Income backer wins South Korea ruling party presidency bid

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The governor of South Korea’s most populous province won the presidential primary for the ruling Democratic Party on a platform of universal basic income, sweeping reforms and widely expanding the social safety net.

Lee Jae-myung, who captured the nomination in a Sunday vote, will be the party’s choice in the election in March, seeking to keep the party in power after the single, five-year term of its current flag bearer, President Moon Jae-in, comes to an end.

Lee, the outspoken governor of Gyeonggi province that encircles Seoul, said after his victory that if elected president, he would launch real estate reforms to rein in runaway housing prices and tackle corruption, promising to make the country more equal.  

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