South Koreans will find purging the past has its costs

Article Abstract:

The fondness of South Koreans for investigating their leaders' personal and official conduct may be getting out of hand and threaten to deteriorate into future instability. The business conglomerates being linked with corrupting ex-presidents Roh Tae Woo and Chun Doo Hwan were the ones who built the country into an economic success. Furthermore, some military leaders may take advantage of the chaotic situation and stage another coup d'etat. North Korea may also get involved to make matters worse.

Cases, Investigations, Political aspects, Corruption investigation, Ex-presidents

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Is the U.S. turning its back on South Korea?

Article Abstract:

South Koreans feel aggrieved over the US' apparent indifference about incidents such as the discovery of a North Korean submarine off South Korea's coast resulting in the death of several South Korean soldiers who pursued the vessel. The belief is that the US is trying to maintain a low profile so as not to disrupt its peace efforts in the Korean Peninsula. Furthermore, the approach of national elections in the US has made the incumbent administration more restrained than usual.

International Affairs, Intnl Political Relations, United States, United States foreign relations, International relations, North Korea, North Korean foreign relations, South Korean foreign relations

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South Korea's planned financial reforms fail to reform

Article Abstract:

South Korea's financial reforms instituted to prevent excessive lending by banks has failed as lending practices of banks continue unabated. Chaebols or business conglomerates, still borrow excessively from banks and debt to equity ratios remain at more than 5 to 1. Furthermore, the government's plans of strengthening the central bank resulted only in the formation of a superagency with the central bank playing a watchdog with no regulatory powers.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Evaluation, Political activity, Column, Economic policy, Monetary policy, Financial institutions, Banking law

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