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[POLITICS] · South Korea · 3 sources

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South Korean National Assembly begins interpellation sessions amid partisan tension

The South Korean National Assembly has commenced four days of interpellation sessions, marked by intense partisan friction between the ruling Democratic Party and the opposition People Power Party. The sessions are expected to focus on President Lee Jae Myung’s recent cabinet reshuffle, specifically targeting nominees for the Ministry of Justice and the Ministry of Gender Equality.

Key legislative debates include significant prosecution reforms, which aim to restructure the prosecution office by October into two separate agencies for investigations and indictments. Additionally, lawmakers are expected to clash over potential constitutional amendments, including a proposal for a four-year, two-term presidential system.

Beyond domestic policy, the sessions will address foreign affairs, unification, and national security. This political gridlock has implications for the economy; according to the Bank of Korea, prolonged political contention can lead to shortened corporate investment horizons and increased operational uncertainty for both domestic and multinational enterprises.

Entities

Bank of Korea · Democratic Party · Lee Jae Myung · National Assembly of South Korea · People Power Party