National Politics Archives | Be Korea-savvy

Archive by category National Politics

Conglomerates Pushing Reform After Graft Scandal

Conglomerates Pushing Reform After Graft Scandal

SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s major conglomerates are ramping up efforts to run their sprawling business empires in a more transparent and law-abiding way following a high-profile corruption scandal that led to the impeachment of President Park Geun-hye, sources said Wednesday.  Dozens of large companies, including top conglomerate Samsung Group, have been [...]

Political Uncertainty Taking a Toll on Service Industry

Political Uncertainty Taking a Toll on Service Industry

SEOUL, Feb. 1 (Korea Bizwire) – Amid the ongoing political scandal that has been at the center of national attention for the past three months, a report by the Bank of Korea revealed that political uncertainties tend to pose negative effects mainly on consumption, capital investment, and the service industry.  The BOK analyzed nine key [...]

Ban’s Advisor Gives Glimpse of His Economic Policy

Ban’s Advisor Gives Glimpse of His Economic Policy

SEOUL, Jan. 10 (Korea Bizwire) – An advisor to former U.N. Secretary-General Ban Ki-moon, a potential presidential contender, on Tuesday offered a glimpse into his economic policy that aims to upgrade South Korea’s capitalism model blamed for economic polarization.  Speaking to Yonhap News Agency, Kwak Seung-jun, an economics professor at Korea University, put forward three [...]

Parliament Starts Debate on Constitutional Revision

Parliament Starts Debate on Constitutional Revision

SEOUL, Jan. 5 (Korea Bizwire) – Lawmakers kicked off the debate to rewrite the Constitution on Thursday amid growing consensus to limit excessive presidential powers acutely brought home to South Koreans by a recent scandal involving President Park Geun-hye.  A bipartisan parliamentary committee on the amendment held its first meeting, electing Rep. Lee Ju-young of [...]

S. Korea Lodges Protest with Japanese Embassy over Yasukuni Shrine

S. Korea Lodges Protest with Japanese Embassy over Yasukuni Shrine

SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s Ministry of Foreign Affairs called in a Japanese Embassy minister Thursday to protest the Japanese defense minister’s visit to the Yasukuni Shrine, a controversial temple where war criminals from World War II are enshrined.  The director-general of the ministry’s Northeast Asia Affairs Bureau, Chung Byung-won, officially lodged [...]

S. Korea Checking Report on Park’s Letter to Ex-N.K. Leader

S. Korea Checking Report on Park’s Letter to Ex-N.K. Leader

SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s unification ministry said Tuesday it is checking relevant information to verify whether President Park Geun-hye’s 2005 letter sent to the former North Korean leader violated a law on inter-Korean exchanges.  A local media outlet reported that in July 2005, Park, then head of the conservative party, sent [...]