SEOUL, March 9 (Koreabiz Wire) – While the country awaits the Constitutional Court’s final verdict on the impeachment of President Park this Friday, some users on the South Korean web are raising somewhat bizarre yet interesting points as to how the numbers from one to ten symbolize every stage of the process of Park’s impeachment. The [...]
SEOUL, March 2 (Korea Bizwire) – On Wednesday, South Korea celebrated the 98th anniversary of the March 1st Movement – the 1919 independence movement against Japan’s colonial occupation – but with the nation deeply divided over President Park Geun-hye’s corruption scandal, which has been dominating the country’s airwaves since October 2016. With experts widely speculating [...]
SEOUL, Feb. 14 (Korea Bizwire) – Tuesday’s impeachment trial for President Park Geun-hye was highlighted by a publicity stunt from a lawyer fighting on behalf of the troubled commander-in-chief. Lawyer Seo Seog-goo unfurled South Korea’s national flag as he turned around to face the courtroom audience as the trial was about to begin. He smiled, [...]
SEOUL, Dec. 30 (Korea Bizwire) – South Korea’s Constitutional Court on Friday did not approve the questioning of President Park Geun-hye during the review hearings of the scandal-hit president’s impeachment. During the third and final preparatory session held at the courthouse in central Seoul, the justices rejected the parliamentary panel’s request to interrogate President Park [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s major conglomerates are most worried about growing protectionism around the globe and an economic policy vacuum following the impeachment of President Park Geun-hye, a survey showed Friday. In the survey, conducted by Yonhap News Agency on 32 affiliates of the nation’s 30 conglomerates, 16 firms, or 45.7 [...]
SEOUL, Dec. 13 (Korea Bizwire) – Despite an overall market slump, investors are scrambling to bet on stocks related to presidential hopefuls as an early election is deemed inevitable following the impeachment of President Park Geun-hye, data showed Tuesday. South Korean lawmakers voted overwhelmingly to impeach Park on Friday over a massive corruption and influence-peddling [...]
SEOUL, Dec. 9 (Korea Bizwire) – Park Geun-Hye’s impeachment vote on Friday was attended by the family members of the victims of the Sewol ferry disaster, in which 304 passengers perished. President Park’s whereabouts for seven hours on April 16, 2014, the day of the ferry’s sinking, still remain unaccounted for despite pleas from the [...]
SEOUL, Dec. 9 (Korea Bizwire) – Prime Minister Hwang Kyo-ahn is set to become the acting president of South Korea, after parliament passed the impeachment motion against President Park Geun-hye on Friday. The motion passed with the approval of 234 lawmakers from the 300-seat National Assembly, meeting the minimum requirement of 200. Hwang is set [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s parliament on Friday passed a motion to impeach President Park Geun-hye over her alleged link to a corruption scandal involving her confidante that has paralyzed the government for the past several weeks. The motion was passed with an approval of 234 lawmakers from the 300-seat National Assembly, [...]
SEOUL, Dec. 7 (Korea Bizwire) – With a parliamentary vote to impeach President Park Geun-hye two days away, the glare of investor attention is focused on its outcome with a rejection more likely to increase stock market volatility than a passage, analysts said Wednesday. Opposition parties and some ruling party lawmakers are slated to put [...]