President Moon Jae-in's constitutional amendment plan calls for a four-year, two-term presidency system.<br />The final part of his administration's amendment bill, announced on Thursday, also includes plans to reduce presidential power and reform the election and judicial systems.<br />Hwang Hojun reports. <br /> <br /> If the government's proposed revision to the Constitution is ultimately approved, South Korea will see a major change in role of the President, the length of his or her term in office, and a shift in the balance of power between the branches of government.<br /><br /> "Now is the time to implement a four year, two-term presidential system to bring about responsibility in politics and the stable management of state affairs. This is the will of the people."<br /><br /> Thirty years ago, when the South Korean Constitution was last amended in 1987, the President's term of office was limited to five years with no possibility of reelection.<br /> That stipulation was put in as South Korea came out of a long period of military dictatorship.<br />But today, the Blue House stressed that times are different now, as exemplified by the so-called "candlelight revolution" and its culmination last year. <br /> The Moon administration said that the Korean people are way ahead of the nation's politicians when it comes to the ability to practice democracy, and so it's proposing a four-year, two-term presidency.<br /> However, the Blue House emphasized that the new system will be applied starting with President Moon Jae-in's successor; the government's proposal stipulates that Moon's term will end, as currently scheduled, on May 9th, 2022.<br /> If the new system is adopted, the number of national elections taking place during a single Presidency will change as well.<br />Currently, the national leader's five years in office start with the Presidential election, which is then followed by a local election and a general election.<br />The government's proposal will have the Presidential and local elections take place concurrently, starting four years from now,... the general election serving as a mid-term evaluation. <br /> <br /> However, the ability of the president to serve a second term if reelected doesn't necessarily mean more power to the executive.<br />In fact, the government's amendment would significantly curtail presidential power. <br /> For example, as of now, the Constitution gives both the executive and the legislature the authority to introduce bills.<br /> That would change -- the government's poposal gives more authority over legislation to the National Assembly. The President will still be able to submit a bill... but only with the consent of ten or more lawmakers.<br /> Also, the government's bill seeks to change the president's formal, international role. The president will no longer be called the Head of State, but rather a representative of the state to foreign nations. <br /> <br />The government included those changes to respond to a public outcry over the high concentration of power in the presidency... and the corruption see
