SEOUL, Feb. 21 (Korea Bizwire) — The state anti-corruption investigation office on Friday conducted a search and seizure operation against Lt. Gen. Won Cheon-hee, head of the Defense Intelligence Agency, on suspicion of involvement in the Dec. 3 martial law declaration. The Corruption Investigation Office for High-ranking Officials (CIO) said it sent prosecutors and investigators [...]
SEOUL, Feb. 19 (Korea Bizwire) — A total of 30 military service members, including 17 generals, have been under investigation over their alleged involvement in President Yoon Suk Yeol’s failed bid to impose martial law on Dec. 3, a lawmaker said Wednesday, citing a defense ministry report. Authorities have so far notified 17 generals and [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]