South Korea

Park hit by political crisis fights for her Presidency


Published

South Korea is currently in the grips of a political scandal. It has emerged that a friend of President Park Geun-hye has been advising her and had been privy to security information despite having no official position or security clearance. The friend, Choi Soon-sil, is reported to have advised the president on everything from how to handle North Korea through to editing speeches and helping the president choose her wardrobe.

Approval ratings in the president have fallen to just 17% and there have been calls for her to be impeached as well as street protests. On Friday she ordered all of her top advisers to resign amidst talk of a Cabinet reshuffle. But the problem appears to be the president and it is ‘touch and go’ whether she can survive the scandal. Choi Soon-sil had been abroad, reportedly ill, but returned on Sunday and is expected to face questioning by prosecutors.

Inevitably the North Korean President, Kim Jong-un, is said to be gleeful at the news.

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com