Reforms expected in South Korea parliament's first session
Updated
South Korea's new parliament has started its first full session with ruling party MPs saying they plan to push through pro-business reforms and a free trade deal with the United States.
The ruling Grand National Party (GNP) says it plans to propose legislation to cut corporate taxes, privatise government-owned agencies and ease other investment rules.
President Lee Myung-bak was expected to easily push through the reform measures when the GNP gained the majority in the National Assembly after winning an April vote.
However, the Opposition delayed the start of the full session of parliament by about three months.
