South Korean prosecutors indicted impeached President Yoon Suk Yeol on Sunday for being the “ringleader of an insurrection” after his abortive declaration of martial law, ordering the suspended leader to remain in detention. Yoon plunged the country into political chaos with his December 3 bid to suspend civilian rule, a move which lasted just six…
South Korea’s law enforcement authorities on Monday said they have summoned impeached President Yoon Suk Yeol for questioning this week over charges of insurrection and abuse of power related to his failed attempt to impose martial law earlier this month. The joint investigation team, consisting of the police, the Corruption Investigation Office for High-ranking Officials,…
Seoul’s Kospi swung after South Korean President Yoon Suk Yeol was impeached at the weekend for this month’s short-lived martial law declaration (Handout) Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China’s economy, with the latest batch of weak data compounding the disappointment of Beijing’s latest stimulus pledges….
(Bloomberg) — South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility. Most Read from Bloomberg The benchmark Kospi Index dropped 2.8%, and the small-cap Kosdaq Index slumped more than 5% to its lowest since April…
By Hyonhee Shin, Cynthia Kim, Ju-min Park and Hyunjoo Jin SEOUL (Reuters) – At his confirmation hearing three months ago, South Korea’s defence minister Kim Yong-hyun rejected accusations from the opposition that he wanted to impose martial law. It was, the conservative hardliner said, political propaganda. When tensions between President Yoon Suk Yeol and his…
(Bloomberg) — Stocks in Asia declined after South Korea’s political turmoil triggered by a brief imposition of martial law put investors on edge. Most Read from Bloomberg The benchmark Kospi Index fell as much as 2.3% on Wednesday after South Korea-related assets all dropped overnight. The MSCI Asia Pacific Index was down 0.5%, with shares…