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Tag: South Korea

Posted on December 8, 2024

South Korea’s Ex-Defense Chief Is Detained Over Martial Law Episode

Prosecutors are investigating whether President Yoon Suk Yeol and his followers committed insurrection when they briefly put South Korea under martial law.
Posted on December 8, 2024

The historical traumas driving South Korea’s political turmoil

President Yoon Suk Yeol’s surprise martial law declaration prompted a swift response from protesters schooled in previous fights over democracy
Posted on December 8, 2024

North Korea’s Lazarus Group steals 342,000 ETH from Upbit, South Korea’s Police confirm

A South Korean investigative agency has exposed the Lazarus Group for crimes relating to crypto theft. The South Korean police confirmed that the North Korean-linked Lazarus Group is responsible for …
Posted on December 8, 2024

South Korea’s short-lived martial law declaration rattled markets. Here’s what’s next for stocks

An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia’s fourth-largest economy, analysts say.
Posted on December 8, 2024

South Korea’s Ruling Party Vows ‘Orderly Exit’ for Yoon

The leader of South Korea’s ruling People Power Party leader said on Sunday that Prime Minister Han Duck-soo will manage the nation’s affairs as the country deals with the fallout from a political …
Posted on December 8, 2024

Japan’s govt. intends to closely monitor political turmoil in South Korea

Officials in Tokyo are keeping a close eye on the situation in Seoul following Saturday’s failed attempt to impeach South Korean President Yoon Suk-yeol.
Posted on December 8, 2024

In South Korea’s crisis playbook, currency stability is paramount

Minutes after South Korean President Yoon Suk Yeol declared martial law on Tuesday night, his stunned finance minister knew his priorities: throw everything at defending the currency.
Posted on December 7, 2024

Vote to impeach South Korea’s president fails after boycott by ruling party MPs

The opposition coalition, which holds a majority in parliament, needs eight members of the ruling party to impeach the president.
Posted on December 7, 2024

South Korea Presidential Impeachment Vote Fails: What Happens Next?

The effort to impeach South Korea’s President Yoon Suk Yeol has failed after the conservative ruling part of the nation’s leader boycotted the vote put forward by the liberal opposition. Late Tuesday, …
Posted on December 7, 2024

South Korea’s President Yoon survives impeachment motion after ruling party boycotts vote

The motion, tabled by opposition politicians, needed the support of two-thirds of South Korea’s 300-member National Assembly to pass.

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