City Seoul Financial News
14.12 / 10:19
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South Korea impeaches President Yoon Suk Yeol over martial-law decision
Subscribe to enjoy similar stories. SEOUL—South Korea’s legislature impeached President Yoon Suk Yeol over his decision to briefly institute martial law, kick-starting a monthslong process to potentially select a new leader following one of the nation’s most tumultuous chapters in recent years. Needing a two-thirds majority, lawmakers voted 204 to 85 to impeach Yoon, who will immediately be stripped of his presidential powers.
13.12 / 14:59
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Outer Banks season 5 on Netflix: Release date confirmed? Check what we know so far
Outer Banks" season 5 is happening on Netflix. There is a good news for Netflix subscribers and viewers that the filming of the popular show has commenced. After this, «Outer Banks» season 5 release date has become a trending topic. There is curiosity over «Outer Banks» season 5 release whether it will be on 2025 or not. According to a report on WhatsOnNetflix, «Outer Banks» season 5 is likely to release on Netflix in 2026. However, Netflix is yet to announce the official date for «Outer Banks» season 5.
11.12 / 02:11
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International
US defense secretary in Japan to support alliance as Osprey aircraft safety causes concern
U.S. Defense Secretary Lloyd Austin has met with officials in Japan to reaffirm the importance of their alliance and Washington's commitment to regional security as threats rise from China and North Korea
10.12 / 20:29
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Alaska Airlines will spread its wings by flying to Tokyo and Seoul beginning next year
Alaska Airlines says it will launch service from Seattle to Tokyo and Seoul next year as part of a plan to boost international flying in the next several years
10.12 / 13:05
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Netflix
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Netflix's 'Celebrity Bear Hunt' release date, episodes, contestants: Where to watch Bear Grylls' show, answer to 'I'm a Celebrity... Get Me Out of Here'
Netflix reality show "Celebrity Bear Hunt" twelve celebrities and British adventurer Bear Grylls is all set to be released. The show will be hosted by Holly Willoughby. «Celebrity Bear Hunt», touted as Netflix's answer to «I'm a Celebrity… Get Me Out of Here!», will be located on Costa Rica jungles. Netflix competition series «Celebrity Bear Hunt» will start streaming on February 5, 2025. It will have a total of eight episodes, as per a report WhatsOnNetflix.
10.12 / 08:37
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International
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Strategic advice for students considering alternative study abroad destinations
international travel becomes more accessible and universities expand their international student outreach students have a vast array of destinations to choose from. Beyond the traditional study abroad hotspots, there's a growing trend toward exploring alternative destinations. When considering where to study abroad, it's essential to weigh various factors. This article will explore some key considerations to help you make an informed decision.
09.12 / 13:49
Citizens
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He might be South Korea’s next president. All he has to do is impeach the current one.
Subscribe to enjoy similar stories. SEOUL—South Korean opposition leader Lee Jae-myung credits a coup and stretch of military rule more than 40 years ago—during which soldiers opened fire on pro-democracy protesters in the southwestern city of Gwangju, killing many—with propelling him into politics. Now, a short-lived attempt by South Korean President Yoon Suk Yeol last week to impose martial law has thrust Lee to within striking distance of his nation’s top job, as Yoon faces impeachment efforts and members of his cabinet are under criminal investigation.
09.12 / 10:53
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Squid Game, South Korea's Netflix mega hit, is back as Seoul battles real-life political chaos
Yoon Suk-yeol survived an impeachment motion over the weekend for his move, which plunged the country into its worst political crisis in about four decades. The show's return comes just days after South Korean President triggered a national crisis by briefly declaring martial law, until he was forced into a dramatic reversal by determined lawmakers. Yoon remains in office having survived an impeachment bid, with his party accused of staging a «second coup» to cling on to power. ALSO READ: Song Jae Rim death: South Korean actor's last Instagram post sparks concern among fan
09.12 / 06:19
08.12 / 02:25
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South Korea arrests ex-defense minister over martial law: Report
Kim Yong-hyun over his alleged role in President Yoon Suk Yeol's declaration of martial law on Tuesday, Yonhap News Agency said. Yoon survived an impeachment vote in parliament on Saturday, prompted by his short-lived attempt to impose martial law, but the leader of his own party said he will be effectively excluded from his duties before eventually stepping down. Ruling Party leader Han Dong-hoon plans to meet with Prime Minister Han Duck-soo on Sunday morning.
07.12 / 12:23
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Strategy
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'Do your freaking job': Outrage erupts as South Korean lawmakers boycott key impeachment vote
President Yoon Suk Yeol declared martial law, citing threats from North Korea and accusing the National Assembly of obstructing government functions. This marked the first such declaration since 1980. Though rescinded within six hours, the move shocked the nation and drew widespread condemnation, both domestically and internationally. The streets surrounding the National Assembly in Seoul became the epicentre of dissent, with an estimated 150,000 protesters demanding Yoon’s impeachment. Banners with messages like «Impeach Yoon» and «Insurrection Criminal» were held high, while chants of «South Korea is a democratic republic» reverberated through the crowd. The protests, which included families with young children and groups singing protest songs, carried a festival-like atmosphere but turned sombre as parliament debated Yoon’s political fate. Protester Jo Ah-gyeong, a 30-year-old Seoul resident, expressed resolve: “I’m neither discouraged nor disappointed because we’ll get it eventually. I’ll keep coming here until we do.”
07.12 / 10:35
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'How dare you': South Korean activist horrified by martial law
Shin Jae-hyung was a teenager, he was out in the streets being teargassed, fighting against South Korea's then-military dictator Park Chung-hee. He never thought he would have to do it again in 2024. But when he heard the country's current president, Yoon Suk Yeol, had declared martial law this week — the first time democratic South Korea had experienced it in 40 years — he raced to the National Assembly thinking: «We must stop this.» «I thought we must define this as an act of insurrection,» the 66-year-old told AFP at his home in northern Seoul.
06.12 / 05:49
markets
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Reuters
Software
pandemic
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In South Korea's crisis playbook, currency stability is paramount
Yoon Suk Yeol declared martial law on Tuesday night, plunging the country into its worst crisis in decades, his stunned finance minister knew his priorities: throw everything at defending the currency. By around 11 p.m., Choi Sang-mok, who was among the majority of cabinet members who opposed martial law, had set up an emergency meeting at the Seoul Bankers Club, an unofficial meeting place for top policymakers from the central bank, finance ministry and banking and markets regulators. As soldiers stormed the nation's parliament, Korea's top four financial authorities, known as F4, activated an emergency playbook that had been used during past crises, scrambling to head off a crippling selloff in the won before Asian markets awoke. Choi led discussions between the authorities, three people familiar with the meeting told Reuters, with the Bank of Korea responsible for efforts to stabilise the currency.
04.12 / 08:15
Fallout
wellness
President
country
Investigations
South Korean president faces impeachment motion after declaring martial law
Subscribe to enjoy similar stories. SEOUL—A day after declaring martial law, South Korea’s president is now facing the prospect of impeachment, creating more political instability for a close U.S. ally.
04.12 / 06:45
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Asian stocks
Stock market today: Asian stocks slide after South Korea's political drama, but Kospi falls only 2%
Asian markets are mostly lower after overnight political drama in South Korea added to regional uncertainties
03.12 / 18:37
03.12 / 15:01
Election
HANS
President
politician
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South Korean president has declared martial law. Here’s why
South Korean President Yoon Suk Yeol declared an “emergency martial law,” Tuesday accusing the country’s opposition of controlling the parliament, sympathizing with North Korea and paralyzing the government with anti-state activities.
27.11 / 02:01
markets
Analysis
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gatherings
Stocks waver, dollar slips with focus on tariffs
Stocks in Asia saw a muted open after Donald Trump’s tariff plan roiled emerging markets in the previous session. Equities opened higher in Sydney, while dipping in Tokyo and Seoul. US equity futures were little changed after the S&P 500 rose for a seventh day to notch its 52nd record this year. A Bloomberg gauge of the dollar slipped 0.1%, paring some of its strength seen on Tuesday that pressured the Mexican peso and Chinese yuan, among others.
25.11 / 07:01
22.11 / 11:55
Provident
security
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Kim Jong Un’s message to Trump: We’re not interested
Subscribe to enjoy similar stories. SEOUL—North Korean leader Kim Jong Un appeared to rebuff the prospect of reviving his nuclear diplomacy with President-elect Donald Trump, according to his first public remarks about disarmament talks since the election. North Korea’s state media reported Friday that the 40-year-old dictator called the U.S.
20.11 / 04:53
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North Korea sent a mystery man to lead its troops fighting Ukraine
Subscribe to enjoy similar stories. SEOUL—In a country that fetes its military elites like celebrities, Col. Gen.
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