Good morning. We’re covering South Korea’s new president, the Philippines election fallout and Japan’s weakened yen.
A new president in South Korea
During his inaugural speech on Tuesday, President Yoon Suk-yeol made promises to heal political and economic divides in South Korea and proposed an ambitious package of economic incentives to North Korea in exchange for denuclearization.
Yoon, who won by a razor-thin margin and faces a contentious Parliament, inherits a frustrated, unequal and…