Popular News From Popular Sites: Control of assembly, reform plans at stake in South Korea by-elections

Tuesday, July 29, 2014

Control of assembly, reform plans at stake in South Korea by-elections

South Korean President Park delivers a speech during a ceremony marking Korean Memorial Day at the National Cemetery in Seoul By Jack Kim SEOUL (Reuters) - South Korean voters in 15 districts chose lawmakers on Wednesday in by-elections that could determine whether President Park Geun-hye's ruling party can retain a majority to push through her economic stimulus policy and regulatory reform. Park has made boosting the economy a priority in her second year of a single term and recently appointed a finance minister who has pledged to stimulate consumption and ease restrictions on the sagging property market. The ruling conservative Saenuri Party now holds 147 of 285 seats and a victory in four of the districts would ensure it hangs on to a majority. Commentators say the ruling party is likely to avoid any large-scale defeat against a weak opposition that has been unable to capitalise on the scandal surrounding the ferry disaster.




Read More http://ift.tt/1s1v2FT

No comments:

Post a Comment