Different viewpoints towards South Korean Economy by foreign and Korean newspapers.
Tuesday, November 22, 2011
KORUS FTA ratified by the parilament
The ruling Grand National Party(GNP) was able to force the KORUS FTA(Korea-US Free Trade Agreement) deal today. In fear of the growing public sentiment against the FTA due to concerns of increased income inequality, the GNP secretly put it to vote in parliament without the prescence of other main opposition parties. There is extensive criticism toward the GNP by voters. And according to the Economist, after the loss of public support in the Seoul Mayor election, the GNP will further lose support from the public for the GNP ratifying KORUS FTA in parliament without the support of the opposition parties.
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