Parliamentary Audit Archives

Defector-turned-lawmaker Calls for Efforts to Improve N.K. Human Rights

NEW YORK, Oct. 11 (Korea Bizwire) — North Korean defector-turned-lawmaker said Monday that South Korea should step up efforts to improve the human rights situation in North Korea, along with its proposal to declare the formal end to the Korean War. Rep. Tae Young-ho of the main opposition People Power Party made the remark during an [...]

Korea’s Shadow Banking System Soaring: Central Bank

SEOUL, Oct. 5 (Korea Bizwire) – Recent data from the Bank of Korea shows that Korea’s shadow banking system has grown exponentially over the years, increasing potential risks and vulnerability in the Korean market. Shadow banking refers to non-bank financial institutions that provide traditional banking services but outside conventional financial regulations. According to data revealed [...]