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Prosecution’s Investigative Powers Removed for First Time in 78 Years in South Korea

Seoul: The prosecution in South Korea has been stripped of its investigative powers, a significant legal revision that has sparked debate across the nation. This marks the first time in 78 years that such a change has occurred, and it has been met with mixed reactions from various sectors, including political parties.

According to Yonhap News Agency, the revision has been labeled as the 'most notorious law' by the People Power Party (PPP), illustrating the contentious nature of the amendment. Several South Korean newspapers have highlighted the unprecedented nature of this legislative change, with differing reports on the exact duration since the last occurrence, ranging from 72 to 78 years.

The newspapers also reported on the dramatic movements in the stock market, with KOSPI experiencing a sharp increase. The index soared by 1,000 points after a previous decline, and the Maeil Business Newspaper likened the market's behavior to that of a casino, noting an 18 percent jump in a single day. This financial fluctuation occurred alongside the legislative changes, marking the end of a turbulent month for South Korea.

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