‘Korea’ Tagged Posts

South Korea fines Qualcomm $854 million for violating competition laws



South Korea fines Qualcomm 4 million for violating competition laws

S. Korea software mogul quits main opposition party


Ahn Cheol-Soo, accusing the announcement of his departure from the New Political Alliance for Democracy (NPAD), said it was “no hope” of beating the ruling conservatives in its April parliamentary vote and other NPAD leaders of incompetence.

Ahn, founder of Seoul’s top computer anti-virus maker, rose to political star as a moderate independent candidate in the presidential election because of his popularity among young voters.

He fell out of the race to support the main opposition candidate Moon Jae-in, losing after the conservative Park Geun-hye.

Ahn later a parliamentary seat as an independent Liberal won before forging an alliance with Moon’s party to try to unite the voice opposition.

But the alliance faltered in recent months as Ahn accuses other opposition leaders including Moon complacency and resistance to reforms needed to win the 2016 general election.

“The current main opposition party is no hope for our people … we have no hope for a change of government, including the general election, if we proceed this way,” he told a news conference.

“I have concluded that achieving a change and reform is impossible in this party,” he said, without expanding on whether he will make his own party.

Several other members NPAD Sunday promise to follow Ahn’s example.

The ruling conservative Saenuri Party currently holds 53.4 percent of the seats in parliament, followed by 43.2 percent for the main opposition party.

The NPAD have delayed for years, the conservative ruling party in kiesersteun.

President Park enjoys a lot of support from older voters despite criticism that her administration to turn back to the authoritarian ways of her deceased father, strongman Park Chung-hee.