Presidency Archives | Be Korea-savvy

Three Parties Seek Four-Year, Two-Term Presidency

SEOUL, March 17 (Korea Bizwire) – South Korea’s three major parties excluding the biggest Democratic Party are seeking to revise the Constitution to adopt a four-year, two-term presidency while shortening the next president’s tenure to three years. The Korean president currently serves a single, five-year term. Earlier this week, the Liberty Korea Party, the People’s [...]

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 [...]