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 [...]
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 [...]
SEOUL, Jan. 8 (Korea Bizwire) – Police said Wednesday they are tracking President Yoon Suk Yeol’s location amid rumors he may have fled from his residence while facing the threat of arrest over his short-lived imposition of martial law. “We cannot specifically disclose President Yoon’s location,” a police official told Yonhap News Agency. “We continue [...]
SEOUL, Jan. 6 (Korea Bizwire) — The state anti-corruption agency has asked the police to take over the execution of a warrant to detain impeached President Yoon Suk Yeol over his failed martial law bid, both sides said Monday, prompting protests from Yoon’s legal team and the police. The Corruption Investigation Office for High-ranking Officials [...]
SEOUL, Jan. 6 (Korea Bizwire) – President Yoon Suk Yeol’s legal defense team on Monday filed complaints with the prosecution against the head of the state anti-corruption agency and 10 others over last week’s attempt to execute a warrant to detain the impeached president. An attempt by the Corruption Investigation Office for High-ranking Officials (CIO) [...]
SEOUL, Jan. 3 (Korea Bizwire) — Advertising industry experts predict a significant downturn in South Korea’s advertising market this year, citing growing political uncertainties and deteriorating economic conditions. The absence of major sporting events like the Olympics or World Cup has further dampened prospects for market recovery. As concerns mount over economic growth potentially dropping to [...]
SEOUL, Jan. 3 (Korea Bizwire) — Investigators attempting to execute a warrant to detain impeached President Yoon Suk Yeol over his failed martial law bid were locked in a standoff with the Presidential Security Service outside the presidential residence Friday. Investigators with the Corruption Investigation Office for High-ranking Officials (CIO) presented warrants to detain Yoon [...]
SEOUL, Jan. 3 (Korea Bizwire) — Prosecutors on Friday indicted the top commander of the Army and the head of its special warfare unit over their alleged roles in the short-lived imposition of martial law last month. Army Chief of Staff Gen. Park An-su, who served as martial law commander, and Lt. Gen. Kwak Jong-keun, [...]
SEOUL, Jan. 2 (Korea Bizwire) — The state anti-corruption agency is likely to proceed with a warrant to detain impeached President Yoon Suk Yeol as early as Thursday after a Seoul court granted the warrant over his brief imposition of martial law. The Seoul Western District Court issued the warrant against Yoon on Tuesday on [...]
SEOUL, Jan. 2 (Korea Bizwire) – Japanese Ambassador to South Korea Koichi Mizushima on Thursday reaffirmed the importance of the bilateral relations between South Korea and Japan despite the political turmoil surrounding President Yoon Suk Yeol’s impeachment over his brief martial law bid. Mizushima made the remarks in his New Year’s message, voicing hope that [...]