Asia-Pacific Business & Finance News Week-ending June 21, 2008: South Korean President forced to retreat from reforms by mass demonstrations
Jun 23rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Asia-Pacific Business & Finance News Week-Ending June 14, 2008 - principal news stories from the region - - On Thursday last, President Lee Myung-bak of South Korea issued an abject apology to the citizens of a nation that is heavily reliant on exports, for lifting a ban on US imports. The President who was elected by a landslide on a programme of reform last February also retreated from pushing through unpopular measures. The fall from grace has been shocking.