Asian finance, Korea

The Roadblocks to Reform in South Korea

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South Korean President Moon Jae-in is shaking up the country’s Constitution. His recent constitutional amendment bill proposes a presidential system that caps a presidency at two consecutive four-year terms while limiting presidential powers and strengthening the rights of the prime minister and the National Assembly. In contrast to Moon’s proposal, the opposition parties (especially the […]

Korea

Post-Park impeachment sets up left-winning presidential election

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Candidates for South Korea’s presidential elections next month promise radical reform following the fall of President Park Geun-hye, writes Hyung-A Kim The formal indictment of recently impeached and ousted former president Park Geun-hye on 18 charges on 17 April 2017, including that of receiving or demanding 59.2 billion won (A$52.1 million) in bribes, has indisputable […]