Category: Government

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November 10, 2016 No Responses

Vice Minister Assures Financial Market will Withstand Impact of US Election

South Korean officials are doing their part to calm investors nervous after the Trump victory.Vice Finance Minister Choi Sang-mok told reporters Thursday South Korea has ample foreign exchange reserves and solid financial fundamentals and so is resilie...
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November 8, 2016 No Responses

Opposition Doubtful of Park’s PM Proposition

The ruling Saenuri Party has expressed hope that President Park Geun-hye's proposal for the National Assembly to recommend a prime minister will mark the beginning of resolving the crisis in state affairs.Yeom Dong-yeol, the party's senior spokesman, s...
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November 7, 2016 No Responses

Opposition Chiefs to Hold Talks Over Scandal

The chiefs of three opposition parties will meet this week to discuss how to deal with the widening scandal involving President Park Geun-hye and her longtime confidante Choi Soon-sil.Floor Leader Park Jie-won of the minor opposition People's Party tol...
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November 3, 2016 No Responses

PM Nominee Vows to Create Bipartisan Cabinet

Prime minister nominee Kim Byong-joon has vowed to fully exercise his authority to create a bipartisan, neutral Cabinet in close consultation with the opposition camp. In a news conference on Thursday, the nominee addressed his plans for the scandal-ri...
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November 2, 2016 No Responses

At negotiations of Presidents of Turkmenistan and Russia among the priority directions of partnership the fuel and energy sphere was called

During Gurbanguly Berdimuhamedov and Vladimir Putin's meeting which took place on November 1 in the residence of the President of the Russian Federation "Bocharov Ruchei" in the city of Sochi the key directions of the Turkmen-Russian cooperation were d...
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November 2, 2016 No Responses

KOSPI, KOSDAQ Plummet due to Political Woes

Due to a host of political shockwaves at home and abroad, the benchmark Korea Composite Stock Price Index(KOSPI) on Wednesday tumbled 28-point-45 points, or one-point-42 percent, to close at one-thousand-978-point-94.The tech-heavy KOSDAQ plummeted 20-...
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November 1, 2016 No Responses

Opposition Blocs Agree to Parliamentary Probe on Choi Soon-sil Scandal

The nation's three opposition parties have agreed to conduct a parliamentary inspection on the Choi Soon-sil scandal and separately pursue the establishment of an independent counsel to probe the case in line with a special law. The floor leaders of th...
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October 31, 2016 No Responses

Presidential Office Hands Over 7 Boxes of Materials to Prosecution

The prosecution says that it has seized significant amounts of materials from the top office as they continue to probe the massive influence-peddling scandal revolving around President Park Geun-hye's longtime friend Choi Soon-sil.After wrapping up two...
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October 31, 2016 No Responses

KOSPI, KOSDAQ Lose on Monday

The benchmark Korea Composite Stock Price Index(KOSPI) on Monday tumbled eleven-point-23 points, or zero-point-56 percent, to close at two-thousand-eight-point-19 as the Choi Soon-sil scandal caused investors to be cautious.The tech-heavy KOSDAQ plunge...
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