Page 14 - South Korea

South Korea's Yoon defiant after impeachment over martial law bid

The Constitutional Court will decide whether to remove Yoon sometime in the next six months. If he is removed from office, a snap election will be called

South Korean President Yoon Suk Yeol impeached after failed martial law bid

Yoon is now suspended from office pending a decision by South Korea's Constitutional Court, which has up to 180 days to rule on his removal or reinstatement

S Korean parliament to vote on impeachment motion against President Yoon

South Korean lawmakers are set to vote on an opposition-led impeachment motion against President Yoon Suk Yeol on Saturday, two days after Yoon defended his controversial martial law decree and vowed to resist mounting calls for his ouster. It'll be the second time for the National Assembly to hold a vote on Yoon's impeachment motion over his short-lived December 3 martial law introduction. Last Saturday, Yoon survived an impeachment vote after most ruling party lawmakers boycotted a floor vote. It's not clear if those People Power Party lawmakers would do the same again. Public protests against Yoon have since intensified and his approval rating has plummeted. The country's six opposition parties control the 300-member unicameral parliament with a combined 192 seats, but they are eight seats shy of the two-thirds majority needed to pass Yoon's impeachment motion. Tens of thousands of people poured onto the streets of capital Seoul in the past two weeks, calling for Yoon to be rem

S Korean Oppn submits new motion to impeach President Yoon over martial law

South Korea's parliament says the country's six opposition parties have submitted a new joint motion to impeach President Yoon Suk Yeol over his declaration of martial law. The National Assembly said the main opposition Democratic Party and five smaller opposition parties submitted the impeachment motion on Thursday afternoon. The parties say they aim put the motion to a floor vote on Saturday. Yoon's short-lived Dec. 3 martial law declaration has triggered political chaos and large protests calling for his ouster. The Democratic Party has argued that Yoon's decree amounted to rebellion. Earlier Thursday, Yoon defended his decree as an act of governance and denied rebellion charges.

South Korea's Prez Yoon defends martial law, vows to 'fight to the end'

South Korea's President Yoon Suk Yeol defended his martial law decree as an act of governance and denied rebellion charges, vowing Thursday to fight to the end in the face of attempts to impeach him and intensifying investigations into last week's dramatic move. He spoke hours before the main opposition Democratic Party submits a new impeachment motion against him for a floor vote this weekend. Parliament on Thursday afternoon passed motions to impeach national police chief Cho Ji Ho and Justice Minister Park Sung Jae, suspending them from official duties, over their enforcement of martial law. Yoon's Dec 3 martial law declaration has generated political chaos and large protests calling for his ouster. The decree brought hundreds of armed troops attempting to encircle parliament and raid the election commission, though no major violence or injuries occurred. Martial law lasted only six hours as Yoon was forced to lift it after the National Assembly unanimously voted it down. Yoon, a

Oppn tried to destroy country; I will fight to the end: South Korea's Prez

South Korean President said the opposition was "dancing the sword dance of madness" by trying to drag a democratically elected president from power

Martial law was act of governance, denies charges, says South Korean prez

South Korea's president defended his martial law decree as an act of governance and denied rebellion charges in a statement Thursday suggesting he has no intention of resigning and rejecting the impeachment attempts and investigations into last week's move. Yoon Suk Yeol's televised statement Thursday came hours before the main liberal opposition Democratic Party submits a new impeachment motion against Yoon. The opposition party plans to put the motion on a floor vote this Saturday. Its earlier attempt to impeach Yoon fell through last Saturday, with ruling party lawmakers boycotting a vote at the National Assembly. Yoon's December 3 martial law decree has generated political chaos and protests calling for his ouster. I will fight to the end, to prevent the forces and criminal groups that have been responsible for paralysing the country's government and disrupting the nation's constitutional order from threatening the future of the Republic of Korea, Yoon said. Yoon said his mart

Ex-South Korean defence minister attempts suicide amid martial law scandal

Kim Yong-Hyun, the former defence minister of South Korea, accused of advising President Yoon to impose martial law, attempted suicide before his arrest. He now faces rebellion charges

South Korea's top 2 police chiefs detained over enforcement of martial law

South Korea's two highest police officers have been detained to be investigated for their roles in enforcing President Yoon Suk Yeol's short-lived martial law decree last week, police said Wednesday. The development comes hours before the main liberal opposition Democratic Party submits a new motion to impeach Yoon as the country's main law enforcement institutions expand their investigation into whether the president's declaration amounted to rebellion. The first impeachment attempt failed last Saturday when the ruling party boycotted the vote. The Democratic Party said it aims to put the new motion to a vote on Saturday. Yoon's ill-conceived power grab has paralyzed South Korean politics, frozen its foreign policy, and rattled financial markets, greatly reducing his chances of completing his five-year term and casting a turbulent shadow over one of Asia's most robust democracies. After last week's impeachment motion fell through, the leader of Yoon's conservative party pledged to

South Korean prosecutors seek to arrest ex-defence min over martial law

South Korean prosecutors are seeking to formally arrest the former defence minister alleged to have colluded with President Yoon Suk Yeol in imposing martial law last week, as both men are being investigated on rebellion and other charges. Martial law lasted only about six hours but was the first of its kind in more than 40 years and has caused a domestic firestorm and large street protests. Yoon and his associates face criminal investigations and impeachment attempts. The Justice Ministry has banned Yoon and eight others from leaving the country as authorities see them as key suspects in the martial law case. It's the first time that a sitting president in South Korea has received such a travel ban. The Seoul Central District Court said Tuesday it'll review prosecutors' request for a warrant to arrest former Defense Minister Kim Yong Hyun, who has been accused of recommending martial law to Yoon and sending troops to the National Assembly to block lawmakers from voting on it. Eno

South Korea opposition party plans to pass government budget bill today

The opposition-controlled parliament last month cut 4.1 trillion won from the government's proposed 677.4 trillion won ($473 billion) budget

LG to set up new plant at Andhra, fears competition from parent entity

LG Electronics India has plans to set up a new plant in Andhra Pradesh to boost its manufacturing capacity in the country, though it also fears competition from its South Korean parent entity. Besides, it is increasing the sourcing of raw materials from the local market, which is helping it meet consumer demands and lower its inventory and related costs, allowing the company to competitively price the products, said LG in its DRHP filed with markets regulator Sebi. However, it also added that despite localisation efforts, there is a persisting reliance on foreign components and finished products, especially in the premium segment. "Key imports are primarily sourced from countries such as China, South Korea, and Japan, reflecting a strategic focus on enhancing product quality and technological advancement," it said. Moreover, dependence on its top-five suppliers and top-10 suppliers that contributed 21.45 per cent and 31.44 per cent to its total purchase of raw materials and ...

Yoon still controls military, says South Korea as leadership crisis deepens

While Yoon survived an impeachment vote in parliament on Saturday, his party's decision to delegate presidential authority to the prime minister has plunged the nation into a constitutional crisis

South Korean President Yoon banned from foreign travel amid martial law row

On 5 December, President Yoon had dismissed Defence Minister Hyun and replaced him with Choi Byung Hyuk. The decision came after the main opposition party moved to impeach both

Asian shares dip on South Korea slump, busy week for central banks

Mood was generally upbeat after US November payrolls showed enough of a recovery to assuage concerns of a slowdown

Donald Trump's EV skepticism threatens $54 billion in Korean investments

Trump has long criticised President Joe Biden's efforts to subsidize EVs through his landmark energy bill

Markets Today: S&P 500 & Nasdaq at record, FIIs, Property Share IPO listing

In the previous trading session, the benchmark indices ended their five-day winning streak in response to the RBI Monetary Policy Committee's decision to maintain the repo rate at 6.5 per cent

More turmoil in South Korea as prosecutor set to probe Prez Yoon: Report

"The president will not be involved in any state affairs including diplomacy before his exit," Han Dong-hoon

South Korean prosecutors detain ex-defence chief over imposing martial law

South Korean prosecutors on Sunday detained a former defence minister who allegedly recommended last week's brief but stunning martial law imposition to President Yoon Suk Yeol, making him the first figure detained over the case, news reports said. The reported development came a day after Yoon avoided an opposition-led bid to impeach him in parliament, with most ruling party lawmakers boycotting a floor vote to prevent the two-thirds majority needed to suspend his presidential powers. The main liberal opposition Democratic Party said it will prepare a new impeachment motion against Yoon. On Sunday, ex-Defence Minister Kim Yong Hyun voluntarily appeared at a Seoul prosecutors' office, where he had his mobile phone confiscated and was detained, Yonhap news agency reported. Other South Korean media carried similar reports, saying Kim was moved to a Seoul detention centre. The reports said police were searching Kim's former office and residence on Sunday. Repeated calls to the Seoul

South Korean Prez Yoon's impeachment fails as ruling party boycotts vote

A South Korean legislative push to impeach President Yoon Suk Yeol over his short-lived imposition of martial law fell through on Saturday after most lawmakers from his conservative governing party boycotted the vote. The defeat of the motion is expected to intensify public protests calling for Yoon's ouster and deepen political chaos in South Korea, with a survey suggesting a majority of South Koreans support the president's impeachment. Yoon's martial law declaration drew criticism from his own ruling conservative party, but it is also determined to oppose Yoon's impeachment apparently because it fears losing the presidency to liberals. Impeaching Yoon required support from two-thirds of the National Assembly, or 200 of its 300 members. The opposition parties who brought the impeachment motion had 192 seats, but only three lawmakers from PPP participated in the vote. The motion was scrapped without ballot counting because the number of votes didn't reach 200. National Assembly ..