the polls have opened in south korea's presidential election. the front runner, moonjay—in, has criticised the perceived privilege of south korea's elite, and has called for a new vision to achieve peace with north korea. the philippine government has told the united nations human rights council, there's been no wave of extra—judicial killings since president duterte took office vowing to kill drug traffickers. the french president—elect emmanuel macron is beginning the process of forming a government, while his political party sets its sights on winning a majority in next month's parliamentary elections. residents on a remote irish island have flocked to see a sandy beach that's reappeared after being washed away by storms more than thirty years ago. and the top story here in the uk. theresa may has recommitted the conservatives to a target

of reducing net annual migration to the tens of thousands, if they win the election. labour says it stands for a fair and managed immigration system. now the latest business news from singapore. voting is underway in south korea. what will the new leadership mean? workers across america are asking why president trump is not more worried about businesses closing. good morning, asia. hello, world. it isa good morning, asia. hello, world. it is a tuesday and glad you could join us. is a tuesday and glad you could join us. i rico hizon. the economy is weighing heavily on the mind of south korean voters as they head to

the polls. unemployment among young people and corrupt business practices in "chaebols" our summer of the reasons that south koreans are frustrated. our asian business correspondent explains what she feels that the concerns are. top of the mind for young people it is unemployment. the unemployment rate is close to 10% and many people are feeling like the system is unfairly stacked against them. they blame "chaebols", family run conglomerates they said dominate the economy and did not create newjobs and effectively squeeze out small and medium—sized enterprises. they say there is no innovation, opportunity for people to find work and they wa nt for people to find work and they want something to change. for people to find work and they want something to changem for people to find work and they want something to change. it has really been a very competitive

election. more than ten presidential candidates and at the centre of theircampaign our candidates and at the centre of their campaign our reforms for these conglomerates but will they be able to fulfil these promises? conglomerates but will they be able to fulfilthese promises? it is conglomerates but will they be able to fulfil these promises? it is not the first time we have heard "chaebols" reforms. it comes up every time and frankly you are right, how realistic is it? many conglomerates recognise there is a need for change. they see people getting out on the street demanding for it. management structure and perhaps the complicated crush of the system may be able to change. but a lot of the focus has been whether these big companies can actually effect significant change. they are also so vital to the economy. example, the revenue from top five "chaebols" make up more than half of

the gdp, one fifth just by samsung. how did you do reforms without damaging economic prospects? it will be interesting to see what kinds of campaign promises they are able to do. jobs are also a big issue in the us. low sales have seen job loss do. jobs are also a big issue in the us. low sales have seenjob loss in the retail sector than exist in the entire coal sector. this is about why donald trump is focusing on that and not retail. new york city, known for broadway shows, great restaurants and shopping. 0h, shows, great restaurants and shopping. oh, the shopping! but there is a seismic ship happening in america in retail which is even

evidence right here in the big apple. the red on this map shows the va ca nt apple. the red on this map shows the vacant shopfront in new york city. when they close, they take jobs with them. clothing stores have been shedding jobs for the last three yea rs shedding jobs for the last three years and over role, the us economy has lost more than 90,000 retail jobs since october, 2016. it is a story repeating itself across the us. this is what is left of the hudson valley molk in our state new york. the empty stores so the demise of the american shopping centre. it is at lunchtime and i in the food court. normally, it would be really busy but as you can see it is rather quiet. this is what happens when the big department stores lead, they ta ke big department stores lead, they take their customers with them. in the last two years, jcpenney and macy's are closed their doors. the

future of sears is looking rocking. independent kiosks become collateral damage. the mole is getting a little bit slower. —— the shopping. damage. the mole is getting a little bit slower. -- the shopping. we still have hope. in the absence of customers, hope this may be all he has. although it is our hope shared by the new owners who believe they can turn it around. nationwide, though, the outlook for retail looks bleak. we are already way ahead of the pace of closures that we witnessed during the recession in 2007 - 2008. this is a witnessed during the recession in 2007 — 2008. this is a new phenomenon in an in my opinion it is going to continue expanding right through this year into 2018. more closing? yes. about one in every ten

americans work in retail. this is an industry vital to the american economy but with more store closures looming it means morejob losses. sliding sales are part of the reason behind a merger of two quintessential new york fashion brands bash coach is taking over kate spate in at 2.5 billion dollars deal. there are reports of a potential big merger between chemchina and cyber camp. it could produced the world ‘s biggest revenue. attractions after taking a tumble. revenue. attractions after taking a tu m ble. investors revenue. attractions after taking a tumble. investors are responding well to news that an extension for

oil prices for the rest of 2017. the question is, well this is busy as continue? and why was the deadline extended? with the increase production from the us and the excluded members such as libya and nigeria, the production has risen over the last six arms, assumed all the production cuts from 0pec which has lifted the oil market in a state of flux. —— left. they do oil prices will continue probably to a low level from here. will continue probably to a low levelfrom here. since the production cuts, have the opec members been committed to complying?

yes, the original was one point ebillion barrels per day and now it is running at about 100%. whether that can continue into the second half of the year as the cats get extended will be a story for another day. to you think these consisted cuts can continue? they think they can come the new but all it is going to do is keep the lights on. it will not move oil up about $60 per barrel. it will keep it at leribeus around $50. as a hope all consumption will pick up which then it will start to run down the stockpiles. libya and nigeria have been glued it for now but when do you think they will start cutting production to comply with these reductions? think they would like to

have the need for the second half of the year but i do have some doubts as to whether they sign up for it. i think it is unlikely that these two will come in. the problem is us shale producing a lot per day and nothing 0pec can do. shale producing a lot per day and nothing opec can do. the first four warner music. i am in love with the shape of you got back digital makes up shape of you got back digital makes up more than half saw venues. boosted by success of ed sheeran's latest album released in march. jumping by more than one fifth in the first quarter of 2017. before we 90, the first quarter of 2017. before we go, a quick look at the markets... as you can see, in early tradejapan

and australia in negative territory and australia in negative territory and this is because us equities saw little change. australia's cashing in on recent gains after the french election. focus also on the south korean residential election. as for wall street, industries were flat. thank you so much for investing your time with us. sport today is coming up time with us. sport today is coming up next. have a nice day. have a nice day. the top stories this hour. voting is underway in south korea's presidential elections — the front runner‘s policy is to increase contacts with the north. the philippine government has denied its war on drugs is causing a "new wave of killings". the un human rights councils questioned the country over alleged

violations since president duterte's election. parts of the uk are having one of the driest springs for many years. areas in northern england have seen rivers unusually low or even dried up, with fears we could be facing a summer drought. danny savage reports from the yorkshire dales. across large parts of britain at the moment there is a lack of water. a dry spring, preceded by low winter rainfall, has left many riverbeds exposed. this wouldn't be an unusual widespread sight in late summer but it's rare in may. when i had a ride around up there on friday, you get a lot of small ponds and wet holes that are usually there all year round. they're all dried out, they're absolutely bone dry, there's nothing at all in the bottom of them. stuart herd has farmed here all his life. the riverbed drying up is not unheard of but he's noticed

the hillside springs aren't right. you can tell that it's been a lot drier because we're actually noticing sheep that have come down to parts of the river where the water is still running, noticing sheep standing on the river bank drinking. whereas ordinarily they would be spread about up on these fells and drinking out of little springs and streams and things like that, which suggests there isn't as much water up there as what there has been in other times. southern england has seen the driest conditions with just over half the average rainfall since lastjuly. the water company affinity says people must do their bit to avoid restrictions later in the year. and these pictures were taken in northern england over the last few days, showing rivers many miles apart in a similar condition. but yorkshire water says there shouldn't be widespread alarm. i think nationally it's been very dry. up in yorkshire it's been a dry winter, probably the driest in the last six years,

but we have seen recharge, every other month we've seen some rainfall but in the last six weeks we have just seen it dry. a few dry months doesn't make a drought, though. it may be bone dry in some of the headwaters of these river catchments but we're a long way from a water crisis. a few miles down the valley, the wharf looks a lot more healthy, and reservoir levels are holding up too. a prolonged dry spell may change things but it would have to be for months. danny savage, bbc news, upper wharfedale in north yorkshire. time now for all the sports news. hello there, i am tulsen tollett and

this is sport today. coming up on this programme: antonio conte's chelsea are just one win away from claiming the premier league title. sulley muntari tells the bbc fifa and uefa don't care enough about racism. and eugenie bouchard wins her grudge match against maria sharapova at the madrid 0pen. hello there, and welcome to the programme. lots to get through, but we start with the news that chelsea are just one victory away from winning the english premier league title after a 3—0 defeat of middlesbrough, who are relegated. antonio conte's side need just to win at west bromwich albion on friday night to guarantee the title in his first season