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S Korean president charged with insurrection over martial law attempt
South Koreas impeached President Yoon Suk Yeol has been charged with insurrection after he attempted to declare martial law in December, BBC reported. His ill-fated attempt to impose military rule plunged the country into an unprecedented political crisis and he becomes the first sitting...
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South Korea MPs file motion to impeach acting president
South Koreas opposition lawmakers have filed a motion to impeach the countrys prime minister and acting leader Han Duck-soo, less than two weeks after parliament voted to impeach President Yoon Suk Yeol, BBC reported. The follow up comes after Han refused to appoint constitutional court judges...
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South Korea president survives impeachment
South Koreas President Yoon Suk Yeol survived a vote of impeachment on Saturday after the vote was boycotted by governing party lawmakers, CNN reported. In another day of high drama, a number of lawmakers left parliament ahead of the vote to impeach President Yoon over his decision to impose a...
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S Korea stocks fall, won steady amid Asian market volatility
Equities extended losses in Seoul on Thursday, while the won stabilised as South Korea entered a period of uncertainty with President Yoon Suk Yeol clinging to power after his brief imposition of martial law this week. Additionally, Bitcoin broke past the $1,00,000 mark for the first time on...
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Soldiers vs office chairs: South Korea's martial law standoff
Parliamentary staffers used sofas and fire extinguishers to block soldiers armed with assault rifles and night-vision goggles from entering South Koreas National Assembly to maintain martial law, CCTV footage released on Wednesday showed. Shortly after President Yoon Suk Yeol declared martial...
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S Korea to inject liquidity to stabilise markets after turmoil
South Korea said it would provide sufficient liquidity to support its financial markets Wednesday after the country was rocked by President Yoon Suk Yeols brief imposition of martial law overnight. Equities sank more than two per cent in Seoul and the won initially plunged to a two-year low...