South Korea's Moon cornered by economic woes and rockets

President's early approval rating of more than 80% has fallen by almost half

20190509 Moon

Moon Jae-in is at risk of becoming a lame duck for the final three years of his presidency. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- North Korea's resumption of missile launches last week was an unwelcome gift to South Korean President Moon Jae-in ahead of the second anniversary of his inauguration on Friday.

Having come to power in 2017 with overwhelming public backing, Moon is now struggling on the diplomatic and domestic fronts. The economy refuses to pick up pace, and as the rockets show, there is no sign that Moon's olive branch to the North has been appreciated.

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