AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

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.