NPR's Uri Berliner is here to explain what this all means.

NPR: Why Are Oil Prices Sinking So Quickly?

Parallels exist between South Korea's Roh Moo-hyun and Jimmy Carter, the U.S. president of the late 1970s, the latest being the extraordinary repudiation of Roh's Uri party in city and provincial elections at the end of May.

FORBES: Magazine Article

He knows that Uri's victory owed less to support for himself or the young firebrands than to the incompetence and foolishness of the established parties.

ECONOMIST: South Korea