Wednesday, March 15, 2006

Korea - Political Factors I

I'll be posting our group submission on the topic of Political Factors of Korea. Contributors are Avis, Candy, Ruth, Gary, Eric and myself.

Since the partition of the Korean peninsula in 1945, the political development of the southern part of Korea has followed a democratic-authoritarian cycle, which has produced six republics to date. When American troops entered the southern region after the surrender of Japanese armed forces, Korea was a society with no experience of the institutions and organizations of a representative democracy. The history of the South Korean electoral system goes back to 1948. Since then there has been universal, equal, direct and secret suffrage.

The first step in the process of South Korea’s independence was the decision of the United States Military Government in Korea to establish a separate Korean state south of the thirty-seventh parallel. A draft constitution was elaborated by a parliament (National Assembly) that had been directly elected in May 1948. This National Assembly in turn elected Syngman Rhee (李承晩) to the presidential office.

The Republic of Korea eventually became independent on 15 August 1948. The vast majority of South Korean citizens had no understanding of the system of political representation and democratic institutions. A truly national party system did not exist.

This report will only focus on discussing the impact of the more recent internal and external political factors affecting the business environment of South Korea. For the basic information and facts of the political situation, reader can refer to the attached documents, links and presentations.

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