Trillion-dollar gap in Taiwan, Korea stock fortunes – The Times of India
As South Korea descends into political turmoil, its stock market risks falling further behind its main technology rival, Taiwan, which is basking in the glory of a global artificial intelligence boom.Taiwan's stock benchmark is on track to rise nearly 30% this year, the most since 2009, adding to an already historic divergence between Asia's two […]
South Korean president apologises for martial law attempt as impeachment vote looms | South Korea
South Korean President Yoon Seok-yeol apologized for his brief attempt to impose martial law this week and vowed to face legal consequences hours before an impeachment vote in parliament. In a televised address to the nation, Yun said he “deeply regrets” causing anxiety and inconvenience to the people and promised never to impose martial law […]
Martial law briefly came to South Korea. Could it happen here?
Is South Korea's legislative veto of an autocratic president's declaration of martial law a one-off, or an objective lesson for President-elect Donald Trump? South Korea is in a political crisis. President Yoon Seok-yeol declared martial law late on December 3, but bowed to legislative pressure and rescinded the order six hours later. Street protests continue, […]
South Korea lawmakers support suspending president’s powers after martial law
South Korean parliamentarians are calling for President Yun Seok-Yeol's constitutional powers to be suspended after he briefly declared martial law earlier this week, raising the possibility of impeachment. Opposition parties are calling for a vote in the Diet to impeach Yun on Saturday, calling his declaration of martial law an “unconstitutional, illegal rebellion or coup.” […]
South Korea ruling party leader says country risks ‘great danger’ unless President Yoon suspended | South Korea
Leaders of South Korea's ruling party said it was necessary to remove President Yun Seok-Yeol, who tried to impose martial law, from power for the country's security, but stopped short of urging party members to vote in favor of impeachment. Yun shocked the public and his ruling People Power Party on Tuesday by announcing he […]
South Korean president replaces defence minister who resigned amid martial law outrage | South Korea
South Korea's embattled President, Yun Seok-yew, is in trouble, even as Congress this week filed a motion to impeach him over his failure to impose martial law and the US government criticized his actions as a “gross misjudgment.” Regardless, he nominated a successor to the Defense Minister who resigned. . This came as the floor […]
Biden Caught Flat-Footed by South Korea Chaos
Outgoing President Joe Biden's administration lacked a coherent policy on the Korean peninsula during its four years in power, with little meaningful intelligence, and the shocking imposition of martial law in Seoul on Tuesday. He seemed surprised. President Yoon Seok-yeol announced Late Tuesday, it announced martial law, said to be in response to obstruction by […]
South Korea opposition parties move to impeach president over martial law declaration
Opposition parties moved Wednesday to impeach South Korean President Yun Seok-Yeol over his sudden declaration of martial law, which put one of the United States' closest allies at risk. The impeachment motion was shared during the meeting. press conferencethe opposing Democratic Party and five other parties filed a joint procedural motion. Since two-thirds of Congress […]
Chinese National Arrested for Allegedly Shipping Weapons, Ammo to North Korea
A Chinese national was arrested Tuesday on suspicion of transporting weapons and ammunition to North Korea from Long Beach, California. Shenhua Wen, 41, who was “illegally residing in the United States,” was charged with conspiracy. violate International Emergency Economic Powers Act, according to a press release from the U.S. Attorney's Office for the Central District […]
Man living in California accused of exporting guns, ammunition to North Korea
The Department of Justice (DOJ) announced that a California man has been charged with exporting guns and ammunition to North Korea. press release Tuesday. Authorities arrested Wen Shenghua, 41, on Tuesday on “criminal charges of exporting firearms, ammunition, and other munitions to North Korea,” according to a Justice Department statement. The items were hidden inside […]