It is the first time in 16 years that liberal opposition lawmakers will outnumber the ruling party in the legislature

The ruling Saenuri Party of President Park Geun-hye suffered a crushing defeat in Wednesday’s general election, reduced to the second largest party in the National Assembly after the main opposition Minjoo Party of Korea.

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Established in South Korea since 1974, Crédit Agricole CIB was the first French bank and one of the pioneering foreign bank to enter the Korean market…

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