SEOUL, Jan. 22 (Korea Bizwire) — Acting President Choi Sang-mok said Wednesday that police officers will be stationed at courts, including the Constitutional Court, on a 24-hour basis to ensure security amid heightened tensions following the impeachment of President Yoon Suk Yeol. The announcement comes after supporters of the impeached president stormed the Seoul Western [...]
SEOUL, Jan. 22 (Korea Bizwire) — Investigators arrived at the Seoul Detention Center on Wednesday to make their third attempt to forcibly bring in President Yoon Suk Yeol for questioning over his failed martial law bid. A vehicle belonging to the Corruption Investigation Office for High-ranking Officials (CIO) was seen entering the detention center in [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s credit default swap (CDS) premium, a key indicator of national credit risk, has started to decline after spiking due to political turbulence. The downturn signals a slight recovery in investor confidence following heightened concerns over political uncertainty. On January 17, the five-year CDS premium for South Korea [...]
SEOUL, Jan. 15 (Korea Bizwire) — Investigators detained impeached President Yoon Suk Yeol at his residence Wednesday and were taking him away for questioning over his short-lived imposition of martial law. A warrant to detain Yoon was executed at 10:33 a.m., according to the Corruption Investigation Office for High-ranking Officials (CIO). Live TV footage showed [...]
SEOUL, Jan. 14 (Korea Bizwire) — The Constitutional Court is set to hold the first formal hearing of President Yoon Suk Yeol’s impeachment trial Tuesday with Yoon absent from the proceedings out of safety concerns. The hearing is scheduled for 2 p.m. and will be held exactly a month after the National Assembly voted to [...]
SEOUL, Jan. 8 (Korea Bizwire) – Police said Wednesday they are tracking President Yoon Suk Yeol’s location amid rumors he may have fled from his residence while facing the threat of arrest over his short-lived imposition of martial law. “We cannot specifically disclose President Yoon’s location,” a police official told Yonhap News Agency. “We continue [...]
SEOUL, Jan. 6 (Korea Bizwire) — The state anti-corruption agency has asked the police to take over the execution of a warrant to detain impeached President Yoon Suk Yeol over his failed martial law bid, both sides said Monday, prompting protests from Yoon’s legal team and the police. The Corruption Investigation Office for High-ranking Officials [...]
SEOUL, Jan. 6 (Korea Bizwire) – The Constitutional Court plans to hold its first pretrial hearing on the impeachment trial of Prime Minister Han Duck-soo on Jan. 13, judicial officials said Monday. The court has informed the legal representatives of the National Assembly and the prime minister that it would hold the first preparatory hearing [...]
SEOUL, Jan. 6 (Korea Bizwire) – President Yoon Suk Yeol’s legal defense team on Monday filed complaints with the prosecution against the head of the state anti-corruption agency and 10 others over last week’s attempt to execute a warrant to detain the impeached president. An attempt by the Corruption Investigation Office for High-ranking Officials (CIO) [...]
SEOUL, Jan. 3 (Korea Bizwire) — Advertising industry experts predict a significant downturn in South Korea’s advertising market this year, citing growing political uncertainties and deteriorating economic conditions. The absence of major sporting events like the Olympics or World Cup has further dampened prospects for market recovery. As concerns mount over economic growth potentially dropping to [...]