SEOUL, South Korea (AP) — South Korean President Lee Jae Myung nominated a five-term liberal lawmaker as defense minister Monday, breaking with a tradition of appointing retired military generals. The announcement came as several prominent former defense officials, including ex-Defense Minister Kim Yong Hyun, face high-profile criminal trials over their roles in carrying out martial…
With the passage of one of the world’s most comprehensive stablecoin laws two weeks ago, Hong Kong is looking to stay at the forefront of global finance while addressing lessons from past industry setbacks, according to analysts. Being a “first mover” in stablecoin legislation “reflects the determination” of the city’s government to “unlock value that…
In April, US President Donald Trump announced sweeping, across-the-board tariffs targeting friends and foes. While reciprocal tariffs were temporarily suspended for most countries — China being the key exception — a baseline 10% levy on all US imports and auto tariffs remains in place. With a single stroke, Washington sent markets reeling and global policymakers…
South Korea said on Tuesday that it would hold a snap election on June 3 to choose the successor to former President Yoon Suk Yeol, who was removed last week for his attempt to impose martial law. The country’s Constitutional Court formally dismissed Mr. Yoon on Friday when its eight justices unanimously endorsed his impeachment…
South Korea’s Constitutional Court on Friday upheld the impeachment of President Yoon Suk Yeol, removing him from office four months after his short-lived imposition of martial law on Dec. 3. Protesters who have been demanding his ouster erupted in cheers at the ruling, waving flags and pumping their fists in the air. For weeks leading…
With the fate of suspended South Korean president Yoon Suk-yeol hanging in the balance, the country has also been left facing an uncertain future as it battles through the resulting political turmoil. Analysts say that the power transitions, both in Seoul and Washington, could significantly alter the dynamics between East Asian neighbours South Korea, Japan…
SEOUL (Reuters) -South Korea’s finance ministry vowed on Sunday to continue to swiftly deploy market stabilising measures as needed to support the economy after President Yoon Suk Yeol was impeached over his brief imposition of martial law. The ministry said it will actively communicate with the parliament to keep the economy stable, adding that it…
With South Korean President Yoon Suk-yeol’s impeachment looking more likely, analysts say there is a higher chance of the main opposition party rising to power – and it could take a more “conciliatory approach” to China. But they had mixed views on how Seoul’s foreign policy and its relations with Beijing – which are in…