Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

World News

South Korea court begins review of Yoon impeachment

by December 16, 2024
December 16, 2024
South Korea court begins review of Yoon impeachment

SEOUL – South Korea’s Constitutional Court will begin on Monday reviewing the impeachment of President Yoon Suk Yeol over his Dec. 3 martial law attempt, while investigators said they plan to question him this week.

All six current justices of the court will attend the first meeting over the impeachment, which the opposition-led parliament passed on Saturday. The court has up to six months to decide whether to remove Mr. Yoon from office or to reinstate him.

Justice Kim Hyung-du said the Constitutional Court will discuss procedures and how to conduct arguments.

In 2017, the court began oral arguments about three weeks after parliament voted to impeach then-President Park Geun-hye over abusing the powers of her office, and took three months to issue a ruling to strip her presidency.

Mr. Yoon and a number of senior officials face potential charges of insurrection, for the short-lived martial law.

A joint team of investigators from the police, the defence ministry and an anti-corruption agency are planning to call Mr. Yoon in for questioning at 10 a.m. (0100 GMT) on Wednesday, a police official told Reuters.

On Sunday Mr. Yoon did not appear in response to a summons for questioning by a separate investigation by the prosecutors’ office, Yonhap news reported. Yoon cited he was still forming a legal team for his defence as the reason, it said.

The government led by acting president, Han Duck-soo, was moving quickly to reassure international partners and calm financial markets, while the main opposition party pledged to cooperate in efforts to stabilise the situation.

Early on Monday, the finance minister, Bank of Korea governor and top financial regulators met and pledged around-the-clock monitoring of financial and foreign exchange markets.

The benchmark KOSPI index .KS11 rose for a fifth straight session on Monday and traded at its highest levels in more than two weeks, as authorities vowed to stabilise financial markets and analysts noted eased political uncertainty.

Mr. Yoon’s surprise martial law declaration and the ensuing political crisis spooked markets and South Korea’s diplomatic partners, worried over the country’s ability to deter nuclear-armed North Korea.

In one of his first moves as acting president, Han spoke with U.S. President Joe Biden by telephone on Sunday, pledging unwavering commitment to pursue foreign and security policies based on the alliance between the two countries.

Opposition Democratic Party leader Lee Jae-myung welcomed U.S. President-elect Donald Trump’s selection of his former intelligence chief to handle special missions including North Korea as a sign of commitment for dialogue to ease tensions.

The Saturday impeachment vote passed with at least 12 members of Yoon’s ruling People Power Party joining in favour, which has thrown the party into a disarray with its leader Han Dong-hoon announcing his resignation on Monday.

Mr. Han had publicly backed Yoon’s impeachment as the only way to restore order in the country and clashed with some members who continued to oppose the move. – Reuters

previous post
Bernie Sanders believes Hunter Biden pardon sets a ‘dangerous’ precedent
next post
McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

Related Posts

Rice stockpile eyed as Japan PM orders swift...

February 4, 2025

Husband snooping on wife’s mergers and acquisitions work...

February 25, 2024

More than 400 detained in Russia at events...

February 19, 2024

Cuba turns off some of its public lighting...

March 6, 2024

EU auditors say lobbyists can easily slip under...

April 17, 2024

US lawmakers strike deal on data privacy legislation

April 8, 2024

Protecting Palestinians a moral imperative, Pentagon chief tells...

March 27, 2024

‘Staunch’ friend of Taiwan’s to become top US...

April 4, 2024

Investors push Zara owner Inditex to publish full...

March 11, 2024

J.K. Rowling will not face action under Scottish...

April 3, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Schumer forces name change for ‘big, beautiful bill’ moments before it passes

      July 1, 2025
    • ‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January

      July 1, 2025
    • House Republicans call for investigation into Obama-appointed judge in Trump funding case

      July 1, 2025
    • Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

      July 1, 2025
    • House kicks off final sprint for Trump’s ‘big beautiful bill’ with key committee hearing

      July 1, 2025
    • Why Justice Jackson is a fish out of water on the Supreme Court

      July 1, 2025

    Categories

    • Business (1,289)
    • Politics (6,239)
    • Stocks (904)
    • World News (460)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved