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South Korean President says she has sleepless nights over economic conditions

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Date: 18 December 2015 20:06


Baku, December 18, AZERTAC
South Korean President Park Geun-hye said she is losing sleep due to concerns about whether South Korea can handle unfavorable economic conditions and whether jobs can be created for young people, according to Yonhap news agency.
She made the comment in a meeting with local business leaders at Cheong Wa Dae, South Korea's presidential office, as she renewed her calls for parliament to approve a set of bills to revitalize the economy.
There is currently a standoff between the presidential office and National Assembly Speaker Chung Ui-hwa over the bills.
Chung has rejected the presidential office's request that he invoke his authority to take a set of economic bills to the floor and put them to a vote.
Under the National Assembly Act, a National Assembly speaker can table a bill to a plenary session in the event of a natural disaster, state emergency or under an agreement between rival parties.
The opposition party is also in disarray following the high-profile departure of its former co-chairman, complicating the prospects of a bipartisan deal for the passage of the bills.
Park warned that South Korea's economy could not get out of a global economic crisis and face the difficulties of reviving its economy unless South Korea accomplishes reform in labor, the public sector and other areas.

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