Park In Limbo Summary

The article “Park in Limbo” elaborates a scandal of the engulfing South Korean President Park Hye and her relationship with an associate, a private citizen, meddling in the state affairs and influencing the decisions in the government. This is a story of a sitting President with the lowest approval rating 17% nationwide, erupting protests throughout the nation. Nation in Turmoil
The author begins with the bad news for Korea. Samsung Electronics a renowned global innovator and the nation’s biggest electronics company had killed its Note 7 smartphone, a flagship product. Due to the technical glitches of the phone, there was a global recall which cost over six billion dollars. The exports are a standstill and the debt is rising. Lotte Group has been indicted on charges of embezzlement. With this scale of the disaster, people of Korea were desperate for a recovery and they wanted a decisive leadership from the President of Korea. President Park instead was surrounded by her set of problems. Opposition party leaders and the people are calling her to step down. 40% of the south Koreans in a late October poll indicated that President should resign. Park, allegedly used her position to enrich herself and her family. The controversy stems from allegations that Park allowed her old friend, Choi
Park was literally a lame duck President due to lack of support from her own party. The unveiling scandals triggered a domino effect for her legacy. The Park scandal was interfering with government operations and tasks such as reviewing and approving budget proposals. Larger corporations do not have a good faith on the future economic growth. In one estimate done by Citibank Corp, the economy will grow only 0.1 percent. Park did not have any plans to address these issues as her grip was loosening over the government due to the allegations made on