"President Park Geun-hye urged Korean financial firms to advance into global markets, Friday, saying globalization is the key to enhancing their competitiveness."Further in the articel she is quoted saying:
“We need to develop the financial sector into a high value-added industry. It’s regrettable that its role is still largely limited to serving the real economy,” Park said during a meeting with top regulators and financial CEOs at Cheong Wa Dae.
“Financial firms should be creative, trusted and global-oriented to compete on the international stage. They should play a leading role in spurring the nation’s economic growth.”
Park vowed to scrap all “unnecessary” regulations to help them go global.
Sounds like Goldman Sachs did buy her election.
In the second articel the following question is raised:
"Is President Park Geun-hye’s role model shifting from German Chancellor Angela Merkel to former U.K. Prime Minister Margaret Thatcher?"
Reason to raise this funny question is, that the Korean government under Park is actually turning tough on unions. The article says:
"Branding the action as an illegal strike, the Park administration cracked down on them — police raided the union’s headquarters in Seoul and other offices. It is also seeking out union leaders after getting arrest warrants."
No idea what koreans are thinking about all this. But when I was reading it I couldn't belive it. Obviously it is not possible in this world that conservative politicans learn from the mistakes of their counterparts in other parts of the world. The neoliberal dogma must be executed no matter what.