Analysis: South Korea's constitutional reform debate to intensify
Yoon's desire to leave a legacy raises hopes that constitutional reform will soon attract greater attention
Topic: Constitutional reform debate to intensify
Event or Trend: Constitutional reform to change the current single five-year term to two consecutive five-year or four-year terms is a recurrent debate in South Korea. Yoon’s desire to leave a legacy raises hopes that constitutional reform will soon attract greater attention.
Significance: Reforming the presidential term limit would enhance governance stability and allow for more consistent policymaking, particularly in economic and international affairs. This reform has significant implications for South Korea’s political structure, regional relations, and democratic practices. Government and business leaders, both in Korea and abroad, must pay close attention to these developments given the impact on South Korea's economic policies, political stability, and leadership in the region.
Analysis: The proposal to allow presidents to serve two five-year or four-year terms could reshape South Korean politics.
The single-term presidency was estab…