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| The Chosun Ilbo; South Korea | |
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| Tweet Topic Started: Feb 25 2014, 01:15 AM (280 Views) | |
| Eryk | Feb 25 2014, 01:15 AM Post #1 |
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| Eryk | Mar 6 2014, 05:51 PM Post #2 |
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Park Pushes for "Immediate" Reform of Economic Policies SEOUL | April 2014 -- In Davos' World Economic Forum earlier this year South Korea's President Park had sought to push her agenda of establishing a "creative economy" in South Korea, reassuring investors and leaders of her commitment to reform. Critics have thus far contended that her competence in economic affairs is low, whilst promise of reform is no greater than those made by Beijing and Tokyo repeatedly over the past year in order to react to slumping growth. A year into her term however, Park announced an initiative called the "474" plan, standing for 4% growth, 70% employment, and $40,000 per capita income. Seeking to move on the issue in face of a widening deficit, increasing household debt, and a highly export-based economy in heated competition with its yen-printing neighbor, Park has announced the first of several initiatives meant to strengthen growth and push towards her "creative economy" promised during her election campaign. According to the briefing provided by South Korea's government, there will be "increased effort towards encouraging entrepreneurship and the entrepreneurial spirit, alongside expanding venture capital availability to South Korean startups." According to sources inside the government, new measures for the development of small and medium businesses will be pushed as part of the country's growth plan. Nonetheless, Korea will experience a difficult road to boosting small businesses and limiting the leverage of the large "chaebols" on the national economy. "A culture of viewing entrepreneurship has inferior has developed; with a young person graduating from a good college and gaining employment with Samsung or another large "chaebol" being preferred for job stability and monetary reasons," said an economic analyst in a Seoul-based think tank. According to Park's administration, these measures will coincide with greater attention towards the development of venture capitalists and their operations in Korea. Additional sources cite that moving forward, Korea will seek to address the insolvency and indebted nature of its government-owned corporations in a painful process of capital restructuring, partial privatization, and organizational restructuring. Park said in a press conference that "it will be necessary to immediately have my administration push for movement on this issue; regulations and incentives must be tailored to provide as much incentive as possible for small to medium enterprises." She highlighted that for now measures must be taken in a "step by step process" to encourage confidence and provide stability. When asked regarding any measures to target or limit the power of "chaebols" Park bluntly stated that she will be working with the Federation of Korean Industries on the issue. In view of South Korea's modestly accelerating recovery, economists and investors have expressed enthusiasm that Park Geun-hye's "change or perish" message to Korea will resonate within the population and create more legislative support for comprehensive reforms; more than can be said for Tokyo or Beijing. "Park recognizes that Korea's growth model has become somewhat outdated, and that reliance on purely export-led growth and the "growth above all" policies of her predecessor create corruption, imbalances, and inequality," said an economist. Much enthusiasm remains to be translated into direct action as the National Assembly convenes to consider several lawmaker initiatives from Korea's ruling party. |
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| Eryk | Mar 16 2014, 07:35 AM Post #3 |
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South Korea Relieved After Abe's Comments on Japanese War Apologies SEOUL | June 2014 -- South Korean President Park Geun-hye expressed relief on Saturday over remarks by Japanese Prime Minister Shinzo Abe that his government would adhere to apologies for wartime behavior made by past cabinets, in 1993 and 1995. Ties with South Korea and China, already strained after Abe's visit last December to the Yasukuni shrine, have deteriorated further, with Japanese nationalist politicians urging Abe's cabinet to rescind the apologies. The apologies were issued by then chief cabinet secretary Yohei Kono in 1993 and then premier Tomiichi Murayama in 1995. "It is a relief that Prime Minister Abe announced his government will uphold the Murayama statement and the Kono statement," President Park was quoted as saying by Blue House spokesman Min Kyung-wook. "President Park also expressed hopes that this becomes an opportunity in which we can alleviate the pain of the 'comfort women' victims and solidify the bilateral relationship of South Korea and Japan as well as that of Northeast Asia," Min added at a briefing on Saturday. The first apology recognized the involvement of Japanese authorities in coercing women to work in military brothels and the next concerned suffering caused by the war and the colonial rule imposed on neighbors, including South Korea and China. Amid mounting tension with neighbors and growing pressure by the United States, Abe told a parliamentary panel on Friday that his cabinet had no intention of reviewing the statements made by his predecessors. Under pressure to improve ties with Seoul ahead of an April visit by U.S. President Barack Obama, Tokyo has been trying to arrange a meeting of Abe, Park and Obama on the sidelines of a global nuclear-security summit in the Netherlands at the end of March. Source |
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| doubleG | Mar 25 2014, 06:10 AM Post #4 |
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Assembly passes special investigation bills![]() The National Assembly passed the much-contended prosecution reform bills on Friday, under pressure to avoid ending the February session without significant results. The bills will allow the introduction of a special investigator, who will monitor activities of high-level officials and members of the president’s family, and ease the requirements for launching an independent probe. The measures, however, came under fire even before their approval in the plenary session, with critics saying that they miss the core of President Park Geun-hye’s prosecution reform pledges. While the special investigator system was designed to keep high-level officials in check, the approved bill excludes members of the National Assembly, ministers and vice ministers from the scope of the special investigator’s activities. As for the special counsel bill, critics say that the clause regarding the number of legislators whose support is required to launch such a probe effectively nullifies its initial intent. According to the new regulation, an independent probe can be launched when it is approved by more than half of the lawmakers attending a plenary session. However, as the law also requires more than half of all the incumbent legislators to attend the voting session, the ruling party can effectively block any special probe it does not support. The Saenuri Party currently holds 156 of the 300 parliamentary seats. _____ Results: Domestic popularity: +1.00% Domestic Popularity: -2.00% Edited by Jos1311, Mar 25 2014, 07:38 AM.
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| doubleG | Mar 28 2014, 07:19 AM Post #5 |
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Park calls for bold deregulation to spur tangible economic growth![]() President Park Geun-hye renewed calls for sweeping deregulation, saying it is the "fastest and easiest" way to spur economic vitality tangible to the people. Park made the remark during a joint policy briefing by the agriculture and industry ministries and the small and medium business administration, saying the economic situation has not improved enough for the people to feel it. "The fastest and easiest way to improve vitality in the real economy is to boldly break unnecessary regulations," she said. Deregulation is a key policy focus of Park, who seeks to promote her "creative economy" vision. She has called repeatedly for lifting and relaxing regulations in a bold manner to help pave the way for turning creative ideas into real businesses. Park also stressed the importance of helping more small and medium enterprises (SMEs) to begin exports, saying less than 3 percent of all SMEs are engaged in exports but account for a third of the country's total exports. "The future of our exports hinges on how we can turn domestic demand-oriented businesses into export firms," she said. Park reiterated her commitment to public sector reform. In particular, she called for improvement in the lax management of energy-related public corporations, saying they are responsible for about 30 percent of all debts at public institutions. Source |
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| doubleG | May 4 2014, 12:58 AM Post #6 |
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Assembly passes basic pension bill SEOUL | May 2015 -- The National Assembly approved the basic pension bill on Friday, ending a three-month political battle over one of President Park Geun-hye’s key welfare programs. The bill was passed in a vote at the Assembly’s plenary session in the evening, hours after opposition party lawmakers said they would follow the party leadership’s decision. The ruling Saenuri Party and the Ministry of Health and Welfare had been locked in a battle with the main opposition since February, differing over the scale of the benefits. The government, in its final plan proposed late last year, said it would dole out a monthly pension from 100,000 won to 200,000 won ($94 to $188) to the bottom 70 percent of senior citizens according to how long and how much money they have contributed to the existing national pension fund. The opposition party attacked the government for deceiving the public,” stressing that Park had vowed to offer 200,000 won to every senior citizen regardless of income level. The New Politics Alliance for Democracy (NPAD) had called on the government to scrap its plan linking the basic pension scheme with the national pension and to expand the scope of recipients. |
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| doubleG | May 4 2014, 01:03 AM Post #7 |
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Korea to expand safety budget![]() SEOUL | May 2015 -- President Park Geun-hye on Friday ordered officials to prioritize the budget review and allocation on measures to improve national safety, stressing an immediate need to transform the country’s entire safety system in the wake of the deadly sinking of the Sewol in last year. “Each ministry and agency should strictly reexamine all its budgets and projects related to safety affairs,” Park said during a meeting with ministers held to discuss national fiscal strategy. “The budget needed to change the nation’s safety system should be prioritized and (the ministries) should give prior support for related personnel,” she said. Her comment came after she apologized for the government’s failure in the ferry disaster in last year and vowed to revamp the country’s safety system. The president also proposed launching a new ministry on safety affairs under the Prime Minister’s Office to prevent and better deal with disasters in the future. During the meeting Thursday, the president also instructed officials to create a detailed manual to offer timely financial support to victims of disasters and help officials take prompt action in case of a national emergency. The president stressed that more funds should be spent on measures to prevent disasters. Also, there should be an intensive investment not only in building safer facilities or visual instruments but also in training professionals on crisis management and creating a state-of-the-art safety management system. A budget should be created to maintain and repair existing facilities, she added. The president also addressed the need to maintain fiscal stability, citing ongoing problems faced by the country. “We have to pay particular attention to keeping fiscal sustainability from now on, considering a (projected) increase in welfare expenditure along with the aging population and the possibility of instability in North Korea,” she said. Park ordered the officials to carefully carry out the budget execution and not to waste taxpayers’ money. She brought up a story of a Sewol victim’s parents who refused to use expensive items for their son’s funeral that was paid by the taxpayers. “We cannot waste even a single sheet of paper when thinking of people who insisted on saving a penny.” Source |
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| doubleG | May 22 2014, 05:21 PM Post #8 |
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Retired bureaucrats, politicians occupy half of top public agency posts SEOUL | South Korea -- Nearly half of the chiefs of institutions serving in the Park Geun-hye government are retired government officials or former lawmakers, state data showed Tuesday, a widespread and long-running practice that the president has pledged to eradicate. According to the data compiled by the government’s public information portal, Alio, 75 of the 153 chief executives of state-run organizations, or 49 percent, were from governmental or political sectors. Such chiefs were found throughout government agencies, including those affiliated with the Ministry of Trade, Industry and Energy, the Ministry of Science, ICT and Future Planning, and the Ministry of Land, Infrastructure and Transport, the data showed. The Financial Services Commission also had appointed some of its retired officials to corporations under its wing. Such “parachuting,” as the practice is called, was generally condoned, but it came under scrutiny after the deadly ferry sinking last month that killed nearly 290 people, most of them high school students who were on a field trip. An investigation, still ongoing, found mandatory safety checks, maintenance and supervision that were largely skipped or ignored by chiefs in cahoots with the agencies they were supposed to monitor. Leading posts at state-run companies are often considered a reward for officials and politicians, as the jobs entail little responsibility but guarantee high salaries. Public companies and agencies want such figures as their chiefs, hoping they can exert influence on the government for various favors. President Park on Monday said she will overhaul the bureaucracy to end such practices and sever the cozy relations between regulators and businesses. State data showed some of her former aides had also taken jobs at public enterprises, including the state-run Korea Development Bank and the Korea Tourism Organization. “We should eradicate the deep-rooted corruption and cronyism. Otherwise, we cannot expect better public service,” said Lee Soo-young from the Citizen United for Public Enterprise Reform, a Seoul-based civic group. Source |
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| doubleG | May 22 2014, 05:29 PM Post #9 |
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President dismisses intelligence chief, top security aide President Park Geun-hye on Thursday dismissed her top security aide and the chief of National Intelligence Service as part of her government overhaul in the wake of the ongoing crisis along the DMZ She accepted the recently tendered resignations of NIS director Nam Jae-joon and National Security Office chief Kim Jang-soo, the presidential office said. The move came amid rising calls for a personnel overhaul to restore public trust in the government that has been eroding due to its inept response to the crisis along the DMZ Their replacements will soon be announced, presidential spokesperson Min Kyung-wook told reporters. NIS First Vice Director Han Ki-beom and National Security Office Deputy Chief Kim Kyou-hyun will fill in for the interim, he said. ![]() Nam Jae-joon (left) and Kim Jang-soo (right) has been dismissed amid the military conflict with North Korea Kim has been under fire for his recent remarks denying the role of his office in handling the military conflict. The remarks were perceived as “irresponsible” at a time when the nation was grieving over the safety fiasco that left several soldiers were dead or injured. The announcement of Nam’s resignation was somewhat a surprise as he was largely believed to retain his post given that he is one of Park’s most trusted aides. Nam has been at the center of the opposition parties’ attack due to a series of scandals involving the chief intelligence agency. The agency has taken flak for interfering in the 2012 presidential election, revealing a transcript of a 2007 inter-Korean summit and fabricating court evidence in an espionage scandal. The resignations of the two former Army generals presaged a major shift in the lineup of Seoul’s security and foreign affairs staff. Some observers raised the possibility that Seoul’s stance toward Pyongyang would become more flexible. Nam, a former general senior to Kim, is known to favor a strengthening of the South Korea-U.S. alliance and stick to a hard-line stance regarding denuclearization of the North. It is speculated that in the follow-up reshuffle, President Park will also replace Defense Minister Kim Kwan-jin, who has served at the post since December 2010. As President Park has vowed to conduct a complete overhaul of the national system to overcome the military conflict, calls have been increasing for a reorganization of the top government echelons, particularly those handling national security and safety. But some observers expressed concern that too drastic a reshuffle could negatively influence the management of national security when Pyongyang is sticking to its nuclear adventurism with the threat of conducting another atomic test. _____ Domestic Popularity: +1.00% Domestic Popularity: -0.50% Edited by Jos1311, May 24 2014, 05:31 AM.
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| doubleG | May 25 2014, 11:19 AM Post #10 |
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Graft buster named P.M. Ahn tasked with restoring trust after the Crisis SEOUL | Korea -- President Park Geun-hye nominated former Supreme Court Judge Ahn Dae-hee as prime minister on Thursday in an initial step to restore the battered image of the government in the wake of the conflict and implement new policies to enhance national safety and root out corrupt practices in public offices. Ahn will replace Prime Minister Chung Hong-won, who offered to quit last month, holding himself responsible for the government’s poor handling of the crisis. The president has also accepted the resignations of National Intelligence Service chief Nam Jae-joon and National Security chief Kim Jang-soo. With the president’s nomination, Ahn needs parliamentary approval to take his post. ![]() “President Park nominated Ahn Dae-hee as new prime minister today to eradicate corrupt practices in our society and to clean up old evils in the public offices, as part of her efforts to carry out drastic state reform to establish a new Republic of Korea,” said presidential spokesman Min Kyung-wook. Chung will continue his job until Ahn takes office, Min said. The president will carry out a Cabinet reshuffle with the new prime minister’s recommendation, he added. Shortly after the announcement, Ahn vowed to make a full-fledged effort to reinforce the national safety system and push ahead with reform measures to end “abnormal practices,” and initiate “a paradigm shift for a new Korea Republic.” The nominee said he would also be direct in discussing problems with the president to lead the country to take “a right and normal path.” “I will take the nomination to root out evils accumulated over the years and push for reform. ... I will devote myself to have the country’s safety system established,” Ahn said at a news conference held in Seoul. “To assist the president with sincerity, I will judge what is right and wrong based on the constitution and the law.” Min referred to the prime minister-nominee as a competent official to drive Park’s reform measures aimed at bringing about changes in the government, citing his reputation built while serving as a judge at the top court and as a senior official at the prosecution. Ahn led the prosecution’s investigation into a series of political irregularities that involved presidential aides in 2003. Cheong Wa Dae’s announcement came a few hours after news reports that Ahn could be tapped for the position. Ahn was the head of Park’s political reform committee during her presidential campaign. Ahn, 59, has not been involved in politics for a while, having opposed President Park over one of her personnel choices. Early last year, Park named former Rep. Han Kwang-ok, a loyalist to the late liberal President Kim Dae-jung, as the inaugural chief of the presidential committee on people’s grand unity. Ahn reportedly opposed her decision. Before entering Park’s camp, he built his career as a state prosecutor for 26 years and left the prosecution in 2006 after he was named Supreme Court justice by late President Roh Moo-hyun. Dubbed “the people’s prosecutor,” he drew public attention for his full-fledged crackdown on political irregularities. In August 2003, Ahn led the all-out clampdown on political funds, in which the then-Grand National Party was hit the hardest. Ironically, the probe was Park’s first opportunity to prove her leadership, eventually earning the nickname “Election Queen” after repeated election wins. Ahn was said to be one of the most sought-after figures by the parties in their 2012 presidential campaign lineups. Park has been pressured to pick a new prime minister who could forge national unity after the Crisis and rebuild public trust in government. The new premier is tasked with leading the office that will be given more responsibility and authority to drive Park’s ambitious reform efforts on improving safety. Under Park’s government reorganization plans, the Prime Minister’s Office will supervise two new ministries ― of national safety and state administration ― which will cover the roles of the Coast Guard, the police and personnel management. In an apparent effort to placate the angry public, Park said Monday that she felt “ultimately responsible” for the crisis and vowed to carry out sweeping reforms. In a tearful apology, she also pledged to rebuild the nation’s safety standards by launching a new ministry under the Prime Minister’s Office to ensure public safety and security. Source |
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