The South Korean Presidency Isn’t Cursed. It Just Needs to Be Reformed.
October 12, 2018
Reflecting on President Lee Myung-bak's recent sentencing, KEI Director Kyle Ferrier notes a need for changing the rules of the game. In particular, Ferrier notes that breaking the cycle of corruption between the Blue House and the country's powerful business executives will require the dilution of both of their powers through constitutional and chaebol reforms. This is something Moon promised, but has so-far faced challenges fulfilling. The constitutional reform promised to grant local governments more power by giving them greater control of their budget while the chaebol refomrs would have constrained the firm's irresponsible behavior by empowering shareholders.
Read more of the analysis on Kyle Ferrier's column in the Diplomat, here