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Minjoo floor head vows to root out corporate irregularities

June 21, 2016 - 11:54 By 임정요

South Korea's main opposition Minjoo Party of Korea said Tuesday it will make an effort to root out irregularities in large businesses, adding that there is a need to limit the exercise of excessive power by the heads of family-run conglomerates.

"The role of the National Assembly is not to speak out for big businesses, but to keep watchful eyes on them," Kim Chong-in, the party's interim leader said, adding the parliament should refrain from defending local conglomerates.

On the ongoing debate over a possible revision of the Constitution, Kim said lawmakers should establish a special committee to discuss the issue, adding the revision cannot be avoided.

The debate includes changing the current single-term, five-year presidential system to two four-year terms, which critics say would help ensure a more stable, responsible executive branch that is able to make more farsighted decisions.

"It is now the time for us to question ourselves if a single five-year term is right for us," Kim said. "The powers centering on only the president have brought various side-effects and built a winner-take-all structure."
 

im Chong-in, the interim head of the Minjoo Party of Korea, speaks at the Seoul-based National Assembly on June 21. (Yonhap)






























The party leader added the revision is also closely linked with the livelihood of the people and the economy, adding that a conclusion on the issue needs to be made soon.

Concerning the inter-Korean issue, Kim said South Korea must seek to solve the nuclear issue through dialogue rather than just imposing economic sanctions on Pyongyang.

The head then said while it is important to maintain close ties with the United States, Seoul should also review China's vision of simultaneously seeking denuclearization and peace on the Korean Peninsula. (Yonhap)