Round-up: Today’s top stories in the morning papers in Korea (February 22, 2017)
1. The Constitutional Court’s impeachment trial against Korean President Park Geun-hye heads toward a finish line, completing questioning witnesses. Choi Soon-sil and An Chong-bum, the former presidential secretary, who were scheduled to testify during the 16th hearing refused to appear for the hearing today.
So the only thing that is left is whether President Park attends a hearing or not. I hope she visits special prosecutors’ office before she appears for the court.
2. With household debt reaching 130 trillion won (US$ 113. 8 billion), South Korean household finances weaken, raising the possibility of financial crisis. The International Monetary Fund (IMF) warn that Korea’s household problems face a number of structural headwinds.
Korean citizens saved corporations during the financial crisis 20 years ago. It is corporations’ turn to save the citizens.