SEOUL, Dec. 16 (Korea Bizwire) – A flood of satirical memes has swept across South Korean social media in the days between President Yoon Suk Yeol’s declaration of martial law on December 3 and his impeachment by the National Assembly on December 14. Following the impeachment vote, online communities circulated a photoshopped image of North Korean leader [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s major corporations, including Samsung, SK, Hyundai, and LG, are closely monitoring the political and economic fallout following the impeachment of President Yoon Suk-yeol. As the nation grapples with heightened uncertainty, compounded by the anticipated inauguration of Donald Trump’s second U.S. presidency, businesses are taking cautious steps to [...]
SEOUL, Dec. 16 (Korea Bizwire) – President Yoon Suk Yeol’s ambitious industrial agenda, including a focus on nuclear energy, offshore gas development, and semiconductor industry support, faces potential setbacks following his impeachment by the National Assembly on December 14. Industry experts warn that any weakening of government semiconductor support could cause South Korea to miss a crucial [...]
SEOUL, Dec. 16 (Korea Bizwire) — Finance Minister Choi Sang-mok reiterated Monday that uncertainties from the recent martial law debacle have eased following the impeachment of President Yoon Suk Yeol, emphasizing the country’s robust economic system. Choi made the remarks during the opening session of a regional economic forum in Seoul attended by domestic and [...]
SEOUL, Dec. 16 (Korea Bizwire) — The joint investigation unit into the martial law turmoil said Monday it will ask President Yoon Suk Yeol to appear for questioning this week over his failed attempt to impose the decree earlier this month. The joint team between the police, the Corruption Investigation Office for High-ranking Officials (CIO) [...]
SEOUL, Dec. 16 (Korea Bizwire) — The leader of the ruling People Power Party (PPP) said Monday he is stepping down amid growing internal strife following the National Assembly’s vote to impeach President Yoon Suk Yeol. PPP leader Han Dong-hoon made the announcement during a press conference after an impeachment motion against Yoon was passed [...]
SEOUL, Dec. 16 (Korea Bizwire) — A military court on Monday held a hearing to review an arrest warrant against the head of the Army’s special warfare command over his alleged role in the short-lived imposition of martial law this month. Lt. Gen. Kwak Jong-keun appeared before the court in central Seoul, a day after [...]
SEOUL, Dec. 16 (Korea Bizwire) — Former minor party leader Cho Kuk on Monday called for an all-out effort for regime change before being imprisoned at the Seoul Detention Center to begin his two-year prison sentence. Cho, who led the minor opposition Rebuilding Korea Party, has lost his parliamentary seat after the Supreme Court upheld [...]
SEOUL, Dec. 16 (Korea Bizwire) – A modest wall outside South Korea’s National Assembly has become a surprising symbol of political resistance and public solidarity following the impeachment of President Yoon Suk-yeol on December 14. The wall gained attention after being climbed by National Assembly Speaker Woo Won-shik during the “December 3 Martial Law Incident,” [...]
SEOUL, Dec. 12 (Korea Bizwire) — More than 7 out of 10 South Koreans agree that President Yoon Suk Yeol should step down immediately or be impeached over his martial law declaration, a survey showed Thursday. According to a survey by Realmeter on 507 people aged 18 or older conducted on Wednesday, 74.8 percent responded [...]