Politics of Seoul


The Republic of Korea is a democratic republic with a President as the head of state and with a multi-party political system. Executive power is exercised by the government. Legislative power is in the hands of both the government and the National Assembly. South Korea’s independent judiciary comprises a Supreme Court, appellate courts, and a Constitutional Court.

Since the birth of the Republic in 1948 the constitution has undergone five major revisions, each signifying the emergence of a new republic, the present republic being the sixth. President Lee Myung-bak of the Grand National Party was elected in February 2008. Korean presidents are elected for single five-year terms. Unlike the U.S. government the president is not the commander in chief of the army. The National Assembly (Gukhwe) has 299 members elected for a four year term: 243 members in single-seat constituencies and 56 members elected by proportional representation. The main political parties in South Korea are the United Democratic Party (evolved from the Uri Party), the Grand National Party (GNP), the Democratic Labor Party (DLP), and the Democratic Party (DP).

Update 17/05/2010

Related articles:


Facebook Twitter LinkedIn Pinterest WhatsApp Addthis

Recommended Partners

Keep more of your money when transferring funds overseas!


If you want to move money abroad, from South Korea or to South Korea for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.

Why Fexco

Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.

Faster, cheaper, safer International money transfers.
Dedicated fx dealer who will oversee your transfer from start to finish
Make payments from anywhere with our secure online platform, PayDirect.
If you prefer the personal touch, then our payments team can be contacted by phone.

Main characteristics

Fexco will help you to keep your overseas money transfer costs to a minimum.

Margin 0.6%
Regulator FCA
Fee £10 < £5K or Free > £5k
Mini £1K
Ccy All (130 currencies, incl ‘exotics’)
Services Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone.

Get an online quote today

When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.

Do you have comments or personal information to communicate about this article? Add your comment.

Find more definitions and general answers on expatriation issues in the Expat FAQ (Frequently Asked Questions).

Go to the Forum to talk more about politics of Seoul, overview.

Download the full digital PDF expat guide in Seoul

Download the guide: Seoul, South Korea
  • See in one single booklet all the articles for a city guide for expatriates.
  • Enjoy full colour photos to illustrate each section.
  • Additionnal maps: Region, City view, Neighborhood, Street view.

  • - My Life Abroad -
    A selection of expat stories

    "A fun compulsive read!"
    J. Matcham, Amazon

    "I strongly advise people ready to live abroad to read this book!"
    Patrice, Amazon