Losers in europe, on the they are all up. Also in the programme, well get the inside track on a smartwatch that allows parents to keep tabs on their children. But is wearable tech really the solution to Parenting Problems or just a technology too far . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. Please get in touch with your views on that story about parenting, wearable technology, or anything else we are covering. South korea is just a few hours away from finding out who its next leader will be. The election comes after the former President Park geun hye was removed from office as part of an Ongoing Investigation into corruption. The countrys economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1 . What are the president ial hopefuls offering to try to change the fortu nes offering to try to change the fortunes of south korea . The current frontrunner moon jae in has vowed to boost Government Spending and create over 800,000 newjobs in the public sector. His main rival Ahn Cheol Soo feels the government should be more cautious with its spending plans, but both candidates are united over one key issue corruption. Big business is still reeling from a money for influence scandal that has seen several top executives grilled by politicians. This includes the bosses of massive corporations such as samsung, hyundai and lotte group. In the past, large conglomerates were credited with south koreas rise to economic prominence, but now many experts are questioning whether the country has become too over reliant on the so called chaebol. To give you a sense of scale the Biggest Company in south korea is samsung, the group spans every aspect of life and its Business Accounts for roughly 20 of the countrys gdp growth. Currently the 10 Biggest Companies in south korea account for nearly a quarter of the countrys total Corporate Tax revenue. With me is agathe lhomme, asia analyst at the Economist Intelligence unit sally getting into some of the details there about how the chaebol works, the influence they have over the south korean economy. How dominantare the south korean economy. How dominant are they, how much pressure can they exert on politics and economics . They are very dominant and can exercise a lot of pressure. I think that is what we have seen with park geun hye, the former president , that was impeached. The Vice President of samsung is injail on bribery charges, which he denies. They have a very cosy relationship. They have a very cosy relationship. The candidates running in the election right now have been campaigning on that topic very intensely. We do expect changes in that regard. How likely is it they can break up that cosy relationship . We posed the question at the start of the programme, the links are so intertwined with many parts of society and the economy. Is it realistic to expect there will be cut overnight . Realistic to expect there will be out overnight . They will not be cut overnight, i dont think that is desirable. But there should be some reining in happening. The leading candidate, moonjae in, has been campaigning on that topic. There are already bills in the pipeline. Should he be elected, that is forecast, he will have momentum to pass them through the national assembly. It is probably easy as outsiders to criticise the system. We should also remember that system is what has but south korea on the map will stop economically, some of the most well known names in the world have come from south korea, samsung or the other is that sally ryan through. It is a double edged sword, it works, but we have seen the downside . Yes. Domestically, what is problematic is that they have such a strong hold on the economy that there is no trickling down any more. A lot of smes are suffering, suppliers of the big chaebol, they dont really see growth happening. A word on north korea, we cant talk about the south without concern for the north, what effect could not have . We see moon jae in wanting to re engage with the north. We think they could rekindle the sunshine policy, and to the regime. That is one we will all watch closely. Really nice to see you. Lets take a look at some of the other stories making the news. Toshiba has told its memory chip partner Western Digital not to interfere with the sale of its chip unit. Western Digital Claims that the Japanese Firm has breached a contract between the two by transferring rights it doesn t own into the chip unit its selling. Toshiba says it will use all available remedies if Western Digital continues to pursue the complaint a woman who alleges she was sexually harassed at fox news has asked uk Media Regulators to block 21st century foxs planned purchase of sky. 0fcom is examining the bid for the uk broadcaster, which is worth around 15 billion. Dr wendy walshs legal team says the deal would allow fox to bring a Culture Of Sexual And Racial Harassment to the uk. The company says it has addressed the allegations and made fundamental changes. The International Monetary fund has raised its Growth Forecast for the Asia Pacific Region to 5. 5 percent from its previous 0ctober forecast of 5. 4 . But the imf also warned that the near term outlook for the region is clouded with significant uncertainty. In a report, the fund said medium term growth faced difficulties from a slowdown in Productivity Growth in both advanced economies and china. We are going to talk attack. Talk tech. Alipay, chinas Biggest Online payments platform, is stepping up its Global Expansion with a major foray into North America the home of paypal and applepay. Leisha chi is across the story from our Asia Business hub in singapore. Tell us what ali pay has in mind . Paypal is the 800 Pound Gorilla in the room when it comes to Mobile Payments. But this new deal for alipay puts it in the same league as applepay. Basically, users will now be allowed to use the app to shop at 4 million merchants in the us. That is quite significant. The chinese billionaire that owns alipay has declared his intention is to expand his Business Empire globally. He is looking at the us, the worlds biggest consumer market. In china, alipay already dominates the Mobile Payment landscape, together with rival they account for most of the market. If the foray into the us is successful, they can expand into other countries where they dont have a presence. Its a smart move, we are seeing increasing numbers of chinese travelling each year and they will be able to use alipay to book cabs, hotels and so forth. Interesting, we will keep an eye on that. Lets see how markets fared. Japan down by 0. 25 . A mixed picture in asia. Most markets down slightly because the previous day was such a strong start to the week. 0ver because the previous day was such a strong start to the week. Over 2 gain on monday. A bit of a sell off. Sony is one of the big winners. Lets look at how europe is faring. Markets across the board or edging slightly higher. Oil prices are flat after yesterdays jump off the back of rumours. Well, not rumours, state m e nts of rumours. Well, not rumours, statements from 0pec about plans to keep Production Cuts in place for longer, to try to keep the price of oil higher. Now what is ahead on wall street. Two Media Companies will be reporting earnings on tuesday, walt disney and news corp. The recent film Beauty And The Beast will help lift the earnings of walt disney. But the other part of the company, espn, it has been losing subscribers and money. The company will have to pacify investors with a plan to strengthen espn, whilst also finding a capable replacement to chief executive bob iger, who will be stepping down in 2019. The decline in Newspaper Advertising will certainly heard news corps earnings, they own newspapers like the wall streetjournal, the Dow Jones Newswires and book publisher harpercollins. As part of its digital push, the company has been cutting jobs, especially from its news division. Joining us isjeremy cook, chief economist, world first. Staying with the american team, the issue that was being raised there, a lot of Corporate News . But also we heard from the fed . Yes, trying to re energise the communication coming out of there. It has gone quiet in the last couple of weeks. Almost a 100 probability they will raise rates in june. It 100 probability they will raise rates injune. It is a case of whether they will come out and say, yes, we are going to do something in june. Much like we heard from the imf in asia, there is still uncertainty and clouds around this, they are not going to 2 any time soon. They should call them the fed talk, you know, like the ted talk . With sony, quite interesting, following the fact that Emmanuel Macron did get the election in france, it has gone quite quiet . M has, we were expecting a bit of a bump and we got the tiniest bump, and then everybody said, well, now the focus turns to the legislative elections and whether he can get a mandate within parliament to be able to get up there and do what he was elected to do. The main conversation i heard on sunday night was, yes, france, but what about italy . Everybody is talking about the possible italian election. Sony is interesting, that has been around for yea rs interesting, that has been around for years and years. Every time you see sony, it is new profit warnings. But they are starting to come back, we are getting upgrades by goldman sachs. The oil price is going to be capped, largely due to the fact that 0pec are going to keep the cats going into the market, the price remains pretty stable. An interesting place to leave it, youre going to talk about how Petrol Stations work out how much to charge . Robots are controlling as we know that already. Is wearable tech really the solution to Parenting Problems or just a technology too far . Should kids be left to be kids . We will find out later. Well get the inside track on a smartwatch that allows parents to keep tabs on their children. Youre with business live from bbc news. Theresa may has promised to end the injustice of Rising Energy costs by including a cap in the Conservative General Election manifesto. The Prime Minister says the Energy Market is not working, with Vulnerable People worst hit by rip off bills. Industry groups have criticised the plan, first announced last month, saying it could lead to higher prices. Labour, which offered its own bill cap ahead of the 2015 election, accused the tories of desperate stuff. Chris mason is At Westminster for us. We are getting some details ahead of the manifesto launch about what they might want to talk about today, energy . It is. Energy is the big focus today. The conservatives, quite striking, trying to put themselves on the side of consumers rather than the big energy providers. The other thing that is striking is that it has a ring of familiarity about it. Why . Well, here is the Labour Manifesto from two years ago. Labour will Freeze Energy Bills until 2017, ensuring they can fall but not rise, and will give the regulator the power to cut bills this winter. The conservatives seem bills this winter. The conservatives seem to have done a bit of a cut and pastejob. Seem to have done a bit of a cut and paste job. The seem to have done a bit of a cut and pastejob. The idea was popular when it ed miliband floated it, conservatives decided to take it on board conservatives decided to take it on boa rd two conservatives decided to take it on board two years on. They say it is different and more subtle, it is less crude. But the similarities are pretty striking. The question is, will it be a vote winner and is it a promise they can keep . They will hope it is, that is the short answer to the first question. In terms of whether it is something they can keepin whether it is something they can keep in terms of a promise, this is where it gets a bit complicated. It would involve the regulator, of common. There will have to be a consultation. Of common. If there are variations in the wholesale price, bills could still rise and fall. The extent to which consumers will notice instantly, we will have to wait and see. When we get news about the ma nifesto, when we get news about the manifesto, well fill you in. If you wa nt manifesto, well fill you in. If you want more details on the energy story, youll find it on the bbc business live page. It has details from labour, of course, as you heard from chris mason who already proposed it in a previous election campaign. This is business live. Today were focussed on south korea. In a few hours we will find out who the next Prime Minister will be. We have been looking at what influence business has on politics in the country. Lets look at markets quickly to bring you up to date. In europe, they were up by a quarter of a percent when we last looked. Well bring you the numbers later. The numbers are on the screen. Thats what europe is doing. So details there. As you can see, another rise in the cac and the dax. Imagine losing your child at a theme park something most people would rather forget. But witnessing another parents panic resulted in our next guest giving up her career in Investment Banking to become a tech entrepreneur. Last year, colleen wong launched a smartphone watch, the gator, it allows parents to keep track of their kids, without having to give them a mobile phone. But colleen says being a start up boss is not glamorous. As well as running a company, she is a busy mum caring for two kids. To keep costs down she employs two flexible staff who look after it and social media marketing, and three advisors who are friends with start up experience. So far, the business has received no outside investment yet, but colleen is looking at crowd funding. With me is colleen wong, developer of the gator watch and founder of child tracker firm, techsixtyfour. Explain how the gator watch works. So it has a button here that can call mum or dad or up to ten other members of the family and it is a tracker as well. Parents can download the gator app and track where their child is and uses gps when the child is outdoors and wi fi when the child is outdoors and wi fi when it is indoors. It is something kids would probably want to wear. We touched on there why you saw the need for it. Talk us through the moment when you realised this could bea moment when you realised this could be a great product . moment when you realised this could be a great product . I was with my two kids at a farm park and i witnessed a mum running around looking for her five or six year old son. Looking for her five or six year old son. It wasnt me, was it . That mum could have been looking for my child and it does cause a moment where your heart stops for a few minutes. In terms of how this works, you put the sim in yourself. So, if we we re you put the sim in yourself. So, if we were to purchase this watch, we have to come to you to get the sim and to get it up and running and it links up to any mobile network wherever you happen to be, vodafone, 02oreeor wherever you happen to be, vodafone, 0 2 or ee or anything . No. Ive done it this way. As a parent, we dont have that much time. I wanted to make it, easy solution for parents when they buy the watch, they sign up when they buy the watch, they sign upfor when they buy the watch, they sign up for the service plan online and it connects within 2a hours. Up for the service plan online and it connects within 24 hourslj up for the service plan online and it connects within 24 hours. I guess it connects within 24 hours. I guess it varies where you are in the world. We posed this question at the start of the programme, could kids fig own 50. And about on their own. So, when they want to give there. When they think about giving their child a sn0n, that increases other worries, access to the internet, too much gaming, too much screen time. So whats the happy medium . I think my solution offers that. You can stay connected, but you dont have to have them using a smartphone and getting access to too much information. The difficulty i have to say, my children havent got smart devices, but my son who is nine, whoi smart devices, but my son who is nine, who i might get one of those for because he is all over the shop and wild and id love to know where he is half the time. He would like an apple watch and he would want to swipe around and play games and do all this stuff and that doesnt provide that. I would have a job convincing him to wear that, i think . No, i agree. And thats the thing, its trying to keep that on a child. What im trying to do is work with various partners to make it more exciting for children. So when idomy more exciting for children. So when i do my crowdfunding and when i raise Funds Licensing would be something i would be looking at. So iimagine something i would be looking at. So i imagine this watch with the strap, with star wars on it. Something to keep the child interested as well. A word about your background. Investment banking