SEOUL, Dec. 11 (Korea Bizwire) — North Korea’s state media on Wednesday reported on the martial law turmoil in South Korea for the first time, including the opposition’s push to impeach President Yoon Suk Yeol, while blaming Yoon for causing nationwide chaos. “The shocking incident of the puppet Yoon Suk Yeol regime … suddenly declaring [...]
SEOUL, Dec. 11 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday that the government will continue to closely monitor the market and to fully implement market stabilization measures amid lingering uncertainties from a political crisis. Choi made the remarks during a daily emergency meeting with Bank of Korea Gov. Rhee Chang-yong and other top [...]
SEOUL, Dec. 11 (Korea Bizwire) — The South Korean and American business communities have urged their governments to ensure the stability of business activities of Korean companies in the United States amid rising economic and political uncertainties ahead of Donald Trump’s second term. At the 35th Korea-U.S. Business Council and the U.S.-Korea Business Council in [...]
SEOUL, Dec. 11 (Korea Bizwire) — The main opposition Democratic Party (DP) is set to introduce a new impeachment motion against President Yoon Suk Yeol on Wednesday over his failed bid to impose martial law, days after Yoon avoided impeachment because most ruling party lawmakers boycotted a vote. The DP’s move comes after a motion [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Koreans are reporting increasing signs of psychological distress in the wake of the sudden declaration of martial law on December 3, with many citizens describing symptoms of anxiety and sleeplessness as the nation grapples with its most significant political crisis in decades. For many older South Koreans, the declaration [...]
SEOUL, Dec. 11 (Korea Bizwire) – Cafes near South Korea’s National Assembly have become centers of an impromptu “pay it forward” initiative, where supporters nationwide and abroad are purchasing refreshments in advance for protesters calling for President Yoon Suk Yeol’s impeachment. “A young voice called asking about our cheapest rice cakes, saying they wanted to pay [...]
SEOUL, Dec. 10 (Korea Bizwire) – North Korea has not reported on last week’s martial law declaration in South Korea or its fallout in the following week through Tuesday, including the opposition’s push to impeach President Yoon Suk Yeol. North Korea’s key news media, including the Rodong Sinmun and the Korean Central News Agency, have [...]
SEOUL, Dec. 10 (Korea Bizwire) – Political turmoil following President Yoon Suk Yeol’s declaration of martial law has cast doubt on South Korea’s anticipated 9 trillion won export deal with Poland for additional K2 Black Panther tanks. As the December 3 martial law crisis continues to impede the president’s ability to perform his duties normally, concerns are [...]
SEOUL, Dec. 10 (Korea Bizwire) — Former Defense Minister Kim Yong-hyun issued an order to prevent 150 lawmakers from gathering at the National Assembly on the night of last week’s martial law declaration, a military commander said Tuesday. Lt. Gen. Kwak Jong-keun, chief of the Army Special Warfare Command, claimed at a parliamentary session that [...]
SEOUL, Dec. 10 (Korea Bizwire) — The National Assembly is set to open a plenary session Tuesday to vote on a bill mandating a permanent special counsel to investigate treason charges against President Yoon Suk Yeol over his failed bid to impose martial law last week. The bill calls for an investigation into Yoon, former [...]