South Korea approves centrist Chung as PM

South Korea's parliament approved a Keynesian economist known for his centrist policies as the new prime minister.

South Korea approves centrist Chung as PM

South Korea's parliament on Monday approved a Keynesian economist known for his centrist policies as the new prime minister.

The National Assembly approved Chung Un-chan, an economics professor, as prime minister. The left-of-centre opposition did not have the votes to block the appointment but staged a brief protest in parliament, saying he was not fit for office.

Prime ministers had been figureheads in South Korea's powerful presidential system. But in recent years, the post has taken on greater importance with presidents giving them more power to implement policy, push legislation through parliament and coordinate the work of ministries. 

Chung supports government intervention in the economy, but only at times that it is absolutely necessary, Yun said.

Lee has seen his support rate climb near to 50 percent in recent months with many in the public saying they see his government as doing a reasonable job in helping guide the export driven economy towards recovery.

Tax cuts and labour reform topped the agenda when parliament started a new session this month, but signs Asia's fourth-largest economy may be pulling out of a slump faster than expected have eased pressure on lawmakers to push through reforms

Lee, whose single, five year term expires in early 2013, shook up his cabinet earlier this month to boost his hand as he enters the middle stage of his administration.

Reuters
Güncelleme Tarihi: 28 Eylül 2009, 18:15
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