Korean Politics Outline • Republic of Korea – presidential system – National Assembly – judiciary – parties and elections – external relations • Democratic People’s Republic of Korea – authoritarian party-state President of ROK • • • • • Directly elected by all voters 5-year term (no 2nd term) Head of state Chief executive Commander-in-chief of the armed forces – power to declare war • Office and residence: Cheong Wa Dae Presidential Power • Appoint Prime Minister, subject to approval by the National Assembly • Propose legislation • Appoint the Chief Justice of the Supreme Court, subject to approval by the National Assembly National Assembly • Unicameral legislature with 300 members, who serve four-year terms • 246 directly elected from districts • 54 appointed by political parties proportional to vote share • law-making • approve national budget • impeach President Local Government • Three levels: – central government – higher-level local governments • 8 municipality governments • 9 do (province) governments – lower-level local governments • cities, counties, districts Evolution of Party System • 1950s: Liberal Party, Progressive Party, ... • 1961, Park dissolved all political parties, abolished local elections & local councils • 1980, General Chun banned political activities by party members • 1987, presidential election • 1988, National Assembly election Foreign Direct Investment • The financial crisis of 1997 was a turning point • Less than 2,000 foreign-invested companies in 1997 • 14,000 foreign-invested companies in 2010 • US$11.5 billion inward FDI in 2009 • US$16.3 billion inward FDI in 2012 D.P.R.K. • Workers’ Party of Korea – General Secretary of the Central Committee • Kim Jong-Il (1994 - 2011) • Kim Jong-Un (2011- ) – Politburo • Cabinet: premier and ministers • National Defense Commission • Supreme People’s Assembly The Six-Party Talks since 2003