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Acting President Orders 24-hr Police Surveillance at Constitutional Court

Acting President Orders 24-hr Police Surveillance at Constitutional Court

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 [...]

Prosecutors Question Impeached PM in Martial Law Probe

Prosecutors Question Impeached PM in Martial Law Probe

SEOUL, Jan. 22 (Korea Bizwire) — Impeached Prime Minister Han Duck-soo underwent questioning by prosecutors earlier this week as part of their probe into the short-lived imposition of martial law last month, judicial sources said Wednesday. Han appeared before the prosecution’s special investigation team Tuesday as a suspect in the case, according to the sources. [...]

Investigators Make 3rd Attempt to Bring In Yoon for Questioning

Investigators Make 3rd Attempt to Bring In Yoon for Questioning

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 [...]

Arrest Warrants Sought for All 46 Courthouse Intruders

Arrest Warrants Sought for All 46 Courthouse Intruders

SEOUL, Jan. 21 (Korea Bizwire) — All of the 46 supporters of President Yoon Suk Yeol who were apprehended for violently storming the Seoul Western District Court that issued an arrest warrant for the impeached president last Sunday are facing formal arrests, prosecution officials said Tuesday. The Seoul Western District Prosecutors Office sought arrest warrants [...]

S. Korea’s 2025 Growth Outlook to Be Slashed to 1.6-1.7 Pct amid Martial Law Crisis: BOK

S. Korea’s 2025 Growth Outlook to Be Slashed to 1.6-1.7 Pct amid Martial Law Crisis: BOK

SEOUL, Jan. 20 (Korea Bizwire) — The Bank of Korea (BOK) said Monday its outlook for South Korea’s economic growth this year may be lowered to as low as 1.6 percent due to a political crisis sparked by suspended President Yoon Suk Yeol and weak domestic demand. The BOK had presented 1.9 percent growth outlook [...]

South Korea’s CDS Premium Declines Amid Easing Political Uncertainty

South Korea’s CDS Premium Declines Amid Easing Political Uncertainty

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 [...]

Yoon Again Refuses to Appear for Questioning over Martial Law Bid

Yoon Again Refuses to Appear for Questioning over Martial Law Bid

SEOUL, Jan. 17 (Korea Bizwire) – Impeached President Yoon Suk Yeol again refused to appear for questioning over his failed martial law bid Friday, the third day of his detention. The Corruption Investigation Office for High-ranking Officials (CIO) had ordered him to appear for further questioning at 10 a.m. after he failed to appear the [...]

N. Korea’s Media Reports on Yoon’s Detention over Martial Law Bid

N. Korea’s Media Reports on Yoon’s Detention over Martial Law Bid

SEOUL, Jan. 17 (Korea Bizwire) — North Korea’s state media on Friday published reports about impeached South Korean President Yoon Suk Yeol’s detention as part of an investigation into his botched imposition of martial law, two days after he was taken into custody. The Korean Central Broadcasting Station, a radio broadcaster, and the Rodong Sinmun [...]

Foreign Investors Pull Nearly 5.7 Trillion Won from Korean Markets Following Martial Law Decree

Foreign Investors Pull Nearly 5.7 Trillion Won from Korean Markets Following Martial Law Decree

SEOUL, Jan. 16 (Korea Bizwire) — Foreign investors withdrew a significant amount of capital from South Korean financial markets in December during a period marked by the brief imposition of martial law, according to data released on January 15 by the Bank of Korea. The central bank’s “International Financial and Foreign Exchange Market Trends” report shows [...]

Investigators Detain Yoon over Martial Law Declaration

Investigators Detain Yoon over Martial Law Declaration

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 [...]