New Politics Alliance for Democracy Archives | Be Korea-savvy
Illegal Trading of “Golden Phone Numbers” Prevalent

Illegal Trading of “Golden Phone Numbers” Prevalent

SEOUL, Sept. 14 (Korea Bizwire) – A secret market for “golden phone numbers”, including mobile phones, company phone numbers and local numbers is known to exceed 26.7 billion won. According to lawmaker Kwon Eun-hee of the main opposition New Politics Alliance for Democracy, who analyzed an Internet site where the golden numbers are traded, a [...]

Korea’s Tax Revenue Growth Fails to Keep Up with Economic Expansion

Korea’s Tax Revenue Growth Fails to Keep Up with Economic Expansion

SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s tax revenue growth has failed to keep up with its economic expansion, a lawmaker said Wednesday, calling for the “normalization” of the country’s corporate income taxes. Citing a report by the National Assembly Budget Office, Rep. Park Kwang-on of the main opposition New Politics Alliance for Democracy said [...]

Bills Proposed to Increase Transparency in Corporate Governance

Bills Proposed to Increase Transparency in Corporate Governance

SEOUL, Aug. 10 (Korea Bizwire) – Amid a succession feud between the two sons of Lotte Group founder Shin Kyuk-ho, which brought to light the problems of corporate governance in Korean conglomerates, several bills have been submitted to restrict an expedient way to inherit management rights, and to disclose corporate governance status more clearly. On August [...]

Korea Considering Legislation to Protect Corporate Management Rights from Hedge Funds

Korea Considering Legislation to Protect Corporate Management Rights from Hedge Funds

SEOUL, July 7 (Korea Bizwire) – As Samsung Group and U.S. hedge fund Elliott Management are struggling over the merger between Cheil Industries and Samsung C&T, some are raising concern that Korean firms’ management rights should be defended from attacks by international hedge funds. They say that as the Korean economy has matured and its financial markets are [...]

U.S. Troops Should Stay in S. Korea after Unification: Opposition Chief

U.S. Troops Should Stay in S. Korea after Unification: Opposition Chief

“As (U.S. Forces Korea) contribute to maintaining peace between the two Koreas and maintaining a balance and peace in the entire Northeast Asian region, we need them. The role of U.S. Forces Korea must be maintained even after reunification. U.S. Forces Korea are needed until a Northeast Asian security regime is formed.” “President Park Geun-hye [...]