SEOUL, Dec. 19 (Korea Bizwire) — The Constitutional Court is set to hold the first plenary meeting of its justices Thursday since receiving the National Assembly’s impeachment case against President Yoon Suk Yeol. The Council of Justices, which is held regularly and attended by all justices to discuss pending cases, is expected to deal with [...]
SEOUL, Dec. 19 (Korea Bizwire) — A shaman reportedly close to President Yoon Suk Yeol and his wife attended his arrest warrant hearing at a court Thursday after being charged with receiving illegal political funds about six years ago. Jeon Seong-bae, also known as Geon Jin, was detained by prosecutors earlier this week on suspicion [...]
SEOUL, Dec. 19 (Korea Bizwire) – Nearly one-third of South Korea’s small and medium-sized exporters report being negatively impacted by the country’s ongoing political turmoil, according to a survey conducted by the Korea Federation of SMEs. The survey, conducted from December 10 to 13 among 513 exporting SMEs, revealed that 26.3% of respondents had experienced [...]
SEOUL, Dec. 18 (Korea Bizwire) – In a controversial escalation, hardline conservative supporters of South Korean President Yoon Suk Yeol have compiled a “blacklist” of celebrities who have supported or participated in protests demanding the president’s impeachment. The list is being circulated on online forums, accompanied by calls for boycotts of products endorsed by these [...]
SEOUL, Dec. 18 (Korea Bizwire) — President Yoon Suk Yeol failed to appear before the Corruption Investigation Office for High-ranking Officials on Wednesday, defying a summons for questioning over his short-lived imposition of martial law. Yoon had been asked by a joint investigation team made up of the CIO, the police and the defense ministry’s [...]
SEOUL, Dec. 18 (Korea Bizwire) — The government on Wednesday unveiled a series of measures to stimulate corporate investment in key industries, aiming to address concerns that recent political turmoil could have long-term negative effects on the economy. The plan was introduced during a meeting chaired by Finance Minister Choi Sang-mok and attended by other economy-related ministers, [...]
SEOUL, Dec. 18 (Korea Bizwire) — The Constitutional Court said Wednesday it has ordered President Yoon Suk Yeol to submit the martial law decree he issued on Dec. 3 as well as the minutes of two Cabinet meetings held before and after martial law was declared. Lee Jin, a court spokesperson, told reporters the order [...]
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 [...]