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Business and government voting is under way in south korea, but will new leadership make a difference this time . And, the wasteland. American Shopping Mauls are deserted and retailers are suffering, so what is President Trump planning to do about it . Welcome to World Business report. Im sally bundock. Also in the programme, Rico Willjoin us from singapore hes seen the latest International Monetary fund report on asian economies. But first, today, the people of south korea are voting for a new president. The election comes after the former head of state Park Geun Hye was removed from office a...

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That's why we're taking a go slow approach. >> you're raising it about $1.25 a year. >> about. but we get to $15 in five years for large employers. a year after that for smaller employers. that gives businesses enough time to be able to adjust so that you won't have significant job loss. they can change their business models. they can change pricing structures and so on. so we'll maximize the benefit for the working poor wile we're minimizing the adverse impact to businesses. >> look, the -- >> the job loss here is a little peculiar because what you probably have is job migration. isn't it mor...

To jobs? >> well you know one of the important things about the process that the council went through is to do it methodically, to do it thoughtfully. and the chairman said we have these economic reports that show that around the edges there may be some adverse impacts on some jobs. that's why we're taking a go slow approach. >> you're raising it about $1.25 a year. >> about. but we get to $15 in five years for large employers. a year after that for smaller employers. that gives businesses enough time to be able to adjust so that you won't have significant job loss. they can change their busin...

It. remember, these are all tiered offerings. you have an offer going bronze, silver, gold, platinum much the expectation a lot of people would sign up for the cheaper plans. critics say no. some evidence points to people signing up for more expensive plans. that gives you the idea of type of people that may be seeking coverage. >> the only reason you would buy a more expensive plan if you think you will tap the health care services because effectively what you're doing to paying higher premiums to pay down the deductibles and co-pays. you only do that if you think you're doing health care. th...