South Korea’s Lee favours four-year presidency with re-election permitted, Yonhap says
The presidency is currently limited to a single five-year term
Add BT as a preferred source
[SEOUL] South Korean President Lee Jae Myung favours a constitutional reform that would allow presidents to serve a four-year term and seek re-election while strengthening parliamentary powers, the Yonhap news agency reported on Friday (Aug 14), citing a presidential Blue House official.
The official said the model had the broadest public acceptance, adding that Lee shared concerns over the concentration of power under what critics have called the country’s “imperial presidency”, Yonhap reported.
“Constitutional reform should be discussed and pursued in the National Assembly,” the official said, according to Yonhap, noting that amendments require the support of at least 200 lawmakers and should be based on political consensus.
The presidency is currently restricted to a single five-year term. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Stocks to watch: ThaiBev, Genting Singapore, First Resources, Olam Group, UMS Integration, Frencken, SBS Transit and more
Olam H1 profit up six times to S$1.9 billion on Olam Agri spin-off; declares dividend of S$0.07 a share
