SEOUL, Dec. 13 (Korea Bizwire) – South Korean investors are increasingly turning to gold as a safe-haven asset, driven by a combination of domestic political turbulence and international geopolitical tensions. The trend comes as gold prices show signs of rebounding after a brief November dip, bolstered by news of renewed Chinese gold purchases following October’s record [...]
SEOUL, Dec. 12 (Korea Bizwire) – A recent study published in the Korean Journal of Communication Studies sheds light on the strategic use of offensive rhetoric by politicians in South Korea and its unintended consequences, including public ridicule and cynicism. The research examines how inflammatory remarks are employed as tools for political gain, particularly during [...]
WASHINGTON, Dec. 11 (Korea Bizwire) — A Pentagon spokesperson on Wednesday warned “any actor” against taking advantage of the political turmoil caused by South Korean President Yoon Suk Yeol’s botched martial law attempt last week, amid lingering concerns over the possibility of North Korea engaging in provocative activities. Pentagon deputy press secretary Sabrina Singh made [...]
SEOUL, Dec. 12 (Korea Bizwire) — North Korea’s state media reported on the martial law turmoil in South Korea for a second consecutive day Thursday, saying political chaos is escalating amid calls to impeach President Yoon Suk Yeol. The Korean Central News Agency (KCNA) and the Rodong Sinmun newspaper, which caters to the general North [...]
SEOUL, Dec. 12 (Korea Bizwire) – The National Assembly is set to open a plenary session Thursday to vote on a special counsel bill to investigate whether President Yoon Suk Yeol committed insurrection and other violations over his short-lived declaration of martial law last week. The Assembly will also vote on a bill mandating a [...]
SEOUL, Dec. 12 (Korea Bizwire) — Prosecutors were questioning Health Minister Cho Kyoo-hong on Thursday as part of a widening investigation into the botched martial law order by President Yoon Suk Yeol, officials said. The special prosecution team handling the probe called Cho in for questioning over his alleged involvement in Yoon’s martial law declaration, [...]
SEOUL, Dec. 12 (Korea Bizwire) — More than 7 out of 10 South Koreans agree that President Yoon Suk Yeol should step down immediately or be impeached over his martial law declaration, a survey showed Thursday. According to a survey by Realmeter on 507 people aged 18 or older conducted on Wednesday, 74.8 percent responded [...]
SEOUL, Dec. 12 (Korea Bizwire) — The leader of the ruling People Power Party (PPP) on Thursday threw his support behind a parliamentary vote to impeach President Yoon Suk Yeol over his failed bid to impose martial law, while calling for convening an ethics committee to discuss whether to demand Yoon leave the party. PPP [...]
SEOUL, Dec. 12 (Korea Bizwire) — Army Chief of Staff Gen. Park An-su, who served as the chief martial law commander during President Yoon Suk Yeol’s short-lived imposition of the order last week, was suspended from his duty Thursday, the defense ministry said. Park is the latest in a handful of military commanders who have [...]
SEOUL, Dec. 12 (Korea Bizwire) — President Yoon Suk Yeol on Thursday defended his botched martial law declaration as an act of governance and denied insurrection charges facing him, while vowing to fight until the last moment against whether it is impeachment or a martial law probe. In a televised public address, Yoon said sending [...]