The Bank of Korea said Wednesday a sharp slowdown in construction investment and private consumption took hold in the face of the nation's deepening political crisis.
Virtually every Korean president has eventually ended up embroiled in corruption-related scandals. To eradicate this "Korean disease", comprehensive constitutional reform should be carried out to install the mechanisms of separation of powers and checks and balances. In addition, the heads of government branches should be elected in alternating years. The President must serve as the final guarantor of the constitution, a duty that shall not end when he or she leaves office. See the Charter for Permanent Peace and Development.
