SEOUL, Dec. 10 (Korea Bizwire) — Cho Ji-ho, commissioner general of the Korean National Police Agency, and two other top police officials have been banned from leaving the country in connection with the ongoing police investigation into President Yoon Suk Yeol’s short-lived declaration of martial law last week, the National Office of Investigation (NOI) said [...]
SEOUL, Dec. 10 (Korea Bizwire) — A Seoul court is set to decide Tuesday whether to issue an arrest warrant for former Defense Minister Kim Yong-hyun on treason charges related to President Yoon Suk Yeol’s martial law declaration in what would be the first court judgment on the case. Kim is suspected of having colluded [...]
SEOUL, Dec. 10 (Korea Bizwire) — The chief of the military’s Defense Intelligence Command has been suspended from his duty Tuesday, the defense ministry said, the latest in a spate of suspensions of military commanders in the aftermath of a botched martial law declaration. “The defense ministry has transferred Army Maj. Gen. Moon Sang-ho, chief [...]
SEOUL, Dec. 10 (Korea Bizwire) — The leader of the main opposition party said Tuesday his party would pass the downsized budget bill for next year through a plenary session later in the day, adding that passage of the budget bill could help ease political uncertainties triggered by President Yoon Suk Yeol’s botched martial law [...]
SEOUL, Dec. 10 (Korea Bizwire) — New installations of global messaging app Telegram have spiked in South Korea, data showed Tuesday, as concerns brewed over possible media censorship following the martial law fiasco. The number of new Telegram installations came to 40,576 cases last Tuesday, according to data compiled by industry tracker IGAWorks, the day President [...]
SEOUL, Dec. 10 (Korea Bizwire) — Prosecutors on Tuesday called in the chief of the military’s counterintelligence command to question him over his role in the botched martial law declaration last week, officials said. The special investigation team handling the martial law case brought Yeo In-hyung, the commander of the Defense Counterintelligence Command (DCC), to [...]
SEOUL, Dec. 10 (Korea Bizwire) — Prime Minister Han Duck-soo made a plea to political leaders and civil society to make efforts to stabilize state affairs and unite the nation to address political turmoil triggered by President Yoon Suk Yeol’s botched martial law declaration. Han made the remark during the first Cabinet meeting held after [...]
SEJONG, Dec. 10 (Korea Bizwire) — South Korea’s trade ministry said Tuesday it will work closely with related government agencies and local businesses to avoid any disruptions in preparing for the launch of the new U.S. administration amid ongoing domestic political turmoil. Trade Minister Cheong In-kyo discussed such strategies with trade and international relations experts [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korea’s economy is grappling with mounting challenges, as domestic construction downturns and global trade uncertainties weigh heavily on growth prospects, according to a report by the Korea Development Institute (KDI) on December 9. While the report notably avoided direct mention of the ongoing political turmoil surrounding President Yoon [...]
SEOUL, Dec. 10 (Korea Bizwire) – Major South Korean cryptocurrency exchanges have initiated compensation procedures for service disruptions that occurred during the December 3 martial law crisis. The exchanges are accepting compensation claims to minimize investor losses caused by access problems and delayed transactions, with some already having completed partial reimbursements. According to industry sources, leading exchanges [...]