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Presidential Election Front-Runner Promises to Reshape Mobile Phone Market

Presidential Election Front-Runner Promises to Reshape Mobile Phone Market

SEOUL, April 12 (Korea Bizwire) – The former leader of the opposition Democratic Party, Moon Jae-in, has announced a series of plans to reshape South Korea’s mobile industry that will see widely criticized basic charges imposed by major telecommunications companies scrapped, a move that could widen his lead over rival candidate Ahn Cheol-soo from the People’s [...]

Three Parties Agree to Draft Constitutional Amendment Bill

Three Parties Agree to Draft Constitutional Amendment Bill

SEOUL, Mar. 23 (Korea Bizwire) — South Korea’s three political parties on Wednesday hammered out a joint draft revision of the Constitution that calls for a shift from the current single-term, five-year presidency to a two-term, four-year presidency, party officials said. The proposal also envisions a power-sharing structure in which the president as the head [...]