SEOUL, Dec. 4 (Korea Bizwire) — Around 280 martial law troops broke into the National Assembly after President Yoon Suk Yeol’s surprise declaration of martial law, the parliament’s secretary-general said Wednesday. Kim Min-ki made the remarks during a press conference, saying that defense officials and police officers will be banned from entering the National Assembly [...]
SEOUL, Dec. 4 (Korea Bizwire) — The United States Embassy in South Korea issued an emergency alert to its citizens Wednesday, warning the situation is “fluid” after the lifting of martial law and advising them to take safety precautions. The embassy posted the emergency information on its website a day after President Yoon Suk Yeol [...]
SEOUL, Dec. 4 (Korea Bizwire) — Stock markets will open as usual Wednesday, the finance ministry said, following President Yoon Suk Yeol’s unexpected declaration of emergency martial law overnight, which was subsequently lifted. The decision was made during an emergency meeting held earlier in the day between Finance Minister Choi Sang-mok and top economic and [...]
SEOUL, Dec. 4 (Korea Bizwire) — The leader of the ruling People Power Party (PPP) urged President Yoon Suk Yeol to explain his decision that declared emergency martial law and to sack Defense Minister Kim Yong-hyun over what he calls a “disastrous situation.” Han Dong-hoon made the remark after Yoon lifted martial law in a [...]
SEOUL, Dec. 4 (Korea Bizwire) — The unification ministry said Wednesday it will focus on stably managing the situation with North Korea while adhering to its principle-based policy toward Pyongyang, following the short-lived declaration of martial law. The ministry released the statement after a meeting of senior officials, presided over by Unification Minister Kim Yung-ho, [...]
SEOUL, Dec. 4 (Korea Bizwire) — The South Korean currency fell markedly against the U.S. dollar Wednesday amid political turmoil following President Yoon Suk Yeol’s now-lifted declaration of emergency martial law. The Korean won opened at 1,418.1 won per dollar, down 15.2 won from the previous session. During the nighttime offshore trading, the won had [...]
SEOUL, Dec. 4 (Korea Bizwire) — The country’s top financial regulator said Wednesday that the authorities are ready to mobilize a 10 trillion-won (US$7 billion) stock market stabilization fund to reduce any market volatility in the midst of President Yoon Suk Yeol’s surprise decision to impose martial law, which was later lifted. “We are ready [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s largest umbrella labor group, the Korean Confederation of Trade Unions (KCTU), vowed Wednesday to go on an indefinite strike until President Yoon Suk Yeol steps down to take responsibility for his declaration of martial law. “We will stand together with the people and lead the fight for [...]
WASHINGTON, Dec. 3 (Korea Bizwire) — South Korea and the United States have put off key nuclear deterrence talks and a related exercise originally set to take place in Washington this week, a Pentagon spokesperson said Tuesday, after South Korean President Yoon Suk Yeol’s short-lived declaration of emergency martial law. Seoul and Washington had planned [...]
SEOUL, Dec. 4 (Korea Bizwire) — Senior aides of President Yoon Suk Yeol, including his chief of staff, offered to resign en masse Wednesday, the presidential office said, after the National Assembly blocked Yoon’s surprise declaration of martial law. They include Chung Jin-suk, the presidential chief of staff; National Security Adviser Shin Won-sik; and Sung [...]