WASHINGTON, Dec. 16 (Korea Bizwire) — The South Korea-U.S. alliance is not just between the two countries’ presidents, but one between their governments and between their people, a State Department spokesperson said Monday, stressing that there is no “diminution” in the bilateral partnership in the wake of President Yoon Suk Yeol’s impeachment. Matthew Miller, the [...]
SEOUL, Dec. 17 (Korea Bizwire) – Nearly half of South Korea’s small business owners in the food and hospitality sectors report direct or indirect losses due to the ongoing political crisis following the December 3 martial law declaration and subsequent impeachment of President Yoon Suk-yeol. A survey conducted by the Korea Federation of SMEs between [...]
SEOUL, Dec. 17 (Korea Bizwire) – South Korea’s Democratic Party is advancing a wave of legislative proposals aimed at preventing the misuse of martial law, following the recent political turmoil that culminated in President Yoon Suk-yeol’s impeachment. Dubbed the “Seoul Spring Laws,” these measures seek to impose stricter controls on the declaration of martial law [...]
SEOUL, Dec. 16 (Korea Bizwire) – K-pop fandom, primarily composed of women in their 20s and 30s, has emerged as a defining force in South Korea’s protest culture, blending activism with the hallmarks of fan culture. The recent impeachment of President Yoon Suk-yeol highlighted this unique phenomenon, with protests resembling the energy and organization of [...]
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) — An estimated 1,500 soldiers were mobilized for President Yoon Suk Yeol’s botched martial law imposition earlier this month, the defense ministry said Monday. The confirmation came a day after the police first cited the number of soldiers deployed from the defense ministry, the Army, the Capital Defense Command, the [...]