SEOUL, March 3 (Korea Bizwire) — About two dozen students, alumni and others gathered at Ewha Womans University in Seoul last week, denouncing the National Assembly’s impeachment of President Yoon Suk Yeol as “invalid,” only to encounter another group of students holding an in-school rally calling for Yoon’s ouster at the same time. The encounter [...]
SEOUL, Feb. 20 (Korea Bizwire) — Impeached President Yoon Suk Yeol was set to attend the first preliminary hearing of his criminal trial Thursday on charges of leading an insurrection, making him the nation’s first sitting president to stand criminal trial. With his impeachment trial at the Constitutional Court nearing its final stage, the preliminary [...]
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) — 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) — 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 [...]
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 [...]