South Korean President Moon Jae-in's approval ratings have been falling and the prospects of re-starting some inter-Korean projects have dimmed, said Alison Evans of IHS Markit.
South Korea — and its President Moon Jae-in — may be the biggest losers after a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un ended without a deal, analysts said.
For Seoul, Thursday's developments dimmed prospects of re-starting inter-Korean projects that have been stalled by sanctions, Evans wrote in a Thursday note. Political support for Moon could also fall further, she added. The South Korean president met with Kim three times last year — their meeting in April was the first in more than a decade that leaders from both sides talked face-to-face. Moon also played a major role in brokering the meetings between Trump and Kim in Singapore and Vietnam."I believe this is part of a process to reach a higher level of agreement. Now our role has become even more important," he said.
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