A battle is underway in the Korea National Assembly between the radical left on the one side and the moderates and the right on the other side.
The Korea-US FTA resembles the Korea-EU FTA, that has been signed into law, but many of the radical liberals in Korea believe that if America is out of the picture, that Korea will be unified with the North. Many of these liberals don’t care if the flag is a North Korean or South Korean flag.
As with most issues between Korea and the United States, the radical liberals are great at making a small issue a great war cry. Often the war cry leads to violence in the streets of Seoul.
In Korea, if the left can rally support of the youth, then, the left will win the battle.
To date, the streets of Seoul are quiet. If they are not quiet in the future, the bill may be dead and the reputation of Korea, again, will tarnished.
What do you think?
- Witholdings Taxes on Transactions between Korean & Hong Kong Companies
- Korea’s U-Turn Program: Enticing Korean Companies to Return to Korea – Will it work?
- Korea Due Diligence for Joint Ventures, Licensing, OEMs and Buying a Korean Company
- Credit Rating Agencies in Korea: Due Diligence of Your Supplier, Franchisee, Joint Venture Partner & Distributors
- Mergers & Acquisition Arbitration Matters under Korean Law at the KCAB
- Samsung’s Win Against Elliott is Korea’s Loss According to Bloomberg
- The Korean Corporate Restructuring Promotion Act of 2018: Korean Insolvency Law Updates
- How Foreign Importers Entering Korea May Prosper from the Korean Middle Class in Korea being Screwed by Inflation: Screwflation
- How to Invest in Korean Free Economic Zones (KFEZs): Korean Market Entry
- Establishing a Company in Korea: New Korean Corporate Forms Available under Revised Korean Code