AIRLINK 65.20 Decreased By ▼ -0.70 (-1.06%)
BOP 5.57 Decreased By ▼ -0.12 (-2.11%)
CNERGY 4.56 Decreased By ▼ -0.09 (-1.94%)
DFML 24.52 Increased By ▲ 1.67 (7.31%)
DGKC 69.96 Decreased By ▼ -0.74 (-1.05%)
FCCL 20.30 Decreased By ▼ -0.05 (-0.25%)
FFBL 29.11 No Change ▼ 0.00 (0%)
FFL 9.83 Decreased By ▼ -0.10 (-1.01%)
GGL 10.01 Decreased By ▼ -0.07 (-0.69%)
HBL 114.25 Decreased By ▼ -1.00 (-0.87%)
HUBC 129.10 Decreased By ▼ -0.40 (-0.31%)
HUMNL 6.71 Increased By ▲ 0.01 (0.15%)
KEL 4.44 Increased By ▲ 0.06 (1.37%)
KOSM 4.89 Decreased By ▼ -0.13 (-2.59%)
MLCF 37.00 Increased By ▲ 0.04 (0.11%)
OGDC 132.30 Increased By ▲ 1.10 (0.84%)
PAEL 22.54 Increased By ▲ 0.06 (0.27%)
PIAA 25.89 Decreased By ▼ -0.41 (-1.56%)
PIBTL 6.60 Increased By ▲ 0.07 (1.07%)
PPL 112.85 Increased By ▲ 0.73 (0.65%)
PRL 29.41 Increased By ▲ 1.02 (3.59%)
PTC 15.24 Decreased By ▼ -0.87 (-5.4%)
SEARL 57.03 Decreased By ▼ -1.26 (-2.16%)
SNGP 66.45 Increased By ▲ 0.76 (1.16%)
SSGC 10.98 Decreased By ▼ -0.04 (-0.36%)
TELE 8.80 Decreased By ▼ -0.14 (-1.57%)
TPLP 11.70 Increased By ▲ 0.17 (1.47%)
TRG 68.62 Decreased By ▼ -0.62 (-0.9%)
UNITY 23.40 Decreased By ▼ -0.55 (-2.3%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 7,295 Decreased By -9.1 (-0.12%)
BR30 23,854 Decreased By -96 (-0.4%)
KSE100 70,290 Decreased By -43.2 (-0.06%)
KSE30 23,171 Increased By 50.4 (0.22%)

imageSEOUL: South Korean President Park Geun-Hye on Friday appointed a new prime minister in an apparent bid to bolster her sagging approval ratings, hit by a scandal involving her aides.

Park named Lee Wan-Koo, parliamentary floor leader of the ruling Saenuri Party, to replace Chung Hong-Won as prime minister, the presidential Blue House said in a press statement.

But she retained her embattled chief of presidential staff Kim Ki-Choon, who faces a storm of criticism over the reported power struggle among presidential aides that has gripped the headlines for months, with allegations they wielded undue influence.

Park's approval rating has fallen sharply this month, plunging from 43 percent on January 9 to an all-time low of 34 percent on Thursday, posing a growing threat to the government's drive to resuscitate the country's sluggish economy.

The decline in her popularity accelerated after she rejected calls from critics to let go of three long-time aides accused of monopolizing access to the president and interfering with government personnel changes.

Park has denied the allegations, however Friday's statement said that the official roles of the three aides will now be curtailed.

Park's support base has also been undermined by a recent public backlash against changes in tax codes that apparently resulted in more levies on the middle class.

She faces mounting attacks that her government has idled away two years of its five-year term as the country is dogged by a slowing economy, growing gaps between the rich and the poor, high youth unemployment and lingering tensions with the nuclear-armed North Korea.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.