South Korea president's party wins vote, green light for economic reforms


  • World
  • Thursday, 31 Jul 2014

SEOUL (Reuters) - South Korean voters in 15 districts gave President Park Geun-hye's ruling party an enhanced parliamentary majority in by-elections on Wednesday, and the political momentum to drive an economic stimulus programme and regulatory reforms.

Park has made the economy a priority in the second year of her five-year term and recently appointed a finance minister with a brief to stimulate consumption and ease restrictions on the sagging property market in Asia's fourth largest economy.

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