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article imagePark Geun-hye to assume office as new South Korean president

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By Isabel Ivanescu     Feb 24, 2013 in World
Seoul - Park Geun-hye has been inaugurated and assumed office as the first female president of South Korea on Monday. As president she will be faced with two major challenges, the slowing economy and the question of how to deal with the North Korean threat.
Parks's administration is expected, based on campaign rhetoric, to take a populist approach to governing, promoting transparency and public involvement. It will also likely focus on national unity between those of all income levels and social statuses.
As in most of the world at this time, the South Korean economy is still in a gradual and fragile recovery. And Park's inaugural address is expected to focus on lowering the unemployment rate and reforming and expanding social welfare programs.
Park has historically been a strong supporter or reunification, and will likely, at some point during her term, looking to institute measure that will allow for eventual reunification with the North. That said, with North Korea's ever more militaristic and irrational tendencies, national defense is at the moment a more recognized and overall important issue than reunification. Park has urged North Korea to "abandon its nuclear ambitions" and focus its limited assets on peace and prosperity as opposed to arms development.
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