South Korea Financial News

Subscribe to enjoy similar stories. The day of reckoning has arrived for Yoon Suk Yeol, South Korea’s president. The country’s National Assembly voted on December 14th to impeach him for his short-lived attempt to impose martial law earlier this month.

South Korea's parliament on Saturday voted to impeach embattled President Yoon Suk Yeol over his short-lived martial law decree this month, a shocking stunt that paralyzed the country's politics, halted foreign policy and spooked financial markets. His suspension from power comes almost eight years after the impeachment of Seoul's last conservative leader, Park Geun-hye, formally removed from office by the Constitutional Court in March 2017. Yoon, a former public prosecutor, was part of the investigation team that examined Park's charges of bribery, abuse of power and other crimes that the court concluded warranted her removal from office.

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.

Yoon Suk Yeol rose from public prosecutor to the nation's highest office in just a few years, but as president he staggered from scandal to scandal before plunging the country into crisis by declaring martial law. The lurch back to South Korea's dark days of military rule only lasted a few hours, and after a night of protests and high drama last week Yoon was forced into a U-turn. But polls show a huge majority of citizens want him out and lawmakers voted Saturday to impeach him. He is now the third South Korean president to be impeached by parliamentary vote, and if upheld by the Constitutional Court would be the second to be removed from office.

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.

Asian shares have tracked Wall Street’s decline in response to potentially discouraging data on the U.S. economy

US Department of State has announced a significant update to the Exchange Visitor Skills List, effective December 9, 2024, eliminating the two-year home residency requirement for J-1 visa holders from 34 additional countries, including India, China, South Korea, Saudi Arabia, and the UAE. However, the update does not apply to J-1 holders bound by government funding or participation in graduate medical education programs, which continue to have restrictions. This marks the first major revision of the list in 15 years and aims to enhance opportunities for global talent retention in the United States.

Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.

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

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.

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.

Shares in Japan and South Korea gained, while futures showed the Hang Seng Index is poised to jump more than 3% at the open. Iron ore advanced thanks to Beijing’s announcement as the country dominates demand for most metals. The Nasdaq Golden Dragon China Index, which tracks the biggest Chinese stocks in the US, surged 8.5% in its strongest gain since September.

hydraulic press allegedly used for torture in Syria's Sednaya Prison. Known as the «human slaughterhouse,» the prison has been linked to severe human rights abuses under Assad’s regime.

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.

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

Shares are mostly lower in Asia, with South Korea's benchmark down 2.3%, after U.S. stocks rose to records on Friday

Spring Onion Revolt. South Korean President Yoon Suk-Yeol’s crisis crystallised after a recent supermarket appearance where he said the price of 875 won for a bunch of spring onions was reasonable. Koreans noted this was a just temporary discount at that supermarket spurred by subsidies. The real market price was between 3,000 and 4,000 won. Yoon appeared out of touch and duplicitous. Protestors waved spring onions, their long green leaves a vivid rebuke to the president. His party lost its parliamentary majority, precipitating a political confrontation in which the president declared martial law on December 3. Six hours later, massive protests and a parliamentary vote forced Yoon into a humiliating reversal. The vegetables most associated with Korean cuisine are cabbages, used for their iconic fermented kimchi, or medicinal plants like ginseng and mugwort. But spring onions are valued too, their mild pungency and green freshness putting them in both herb and vegetable categories. They are fermented into pa-kimchi and fried in pajeon pancakes.

Here's breaking down the pre-market actions:

Political tumult in France and South Korea was joined by the fall of Syrian President Bashar al-Assad's regime, which complicated an already fraught situation in the Middle East.

Nifty 50, to rank among the worst performing global markets (after France and South Korea), between 27 September 2024 and 5 December 2024, according to data sourced from Reuters-Refinitiv for 22 global indices. The global indices cover the US, Europe, Asia, Russia and Latin America. Moreover, despite recovery in the first week of December, the last 10 weeks performance has also dragged the year-to-date performance of the Indian equity benchmark. The index was ranked second among the 22 global indices (after the Nasdaq Composite) based on returns between 29 December 2023 and 26 September 2024 (the day the Nifty 50 closed at its all-time high). However, after including the performance since the last week of September, the Nifty 50 has dragged to rank 11 in year-to-date performance. The Nifty 50 has delivered -5.6% returns in the last 10 weeks (since 27 September 2024) and 13.7% returns year-to-date. The returns and rankings are based on 5 December 2024 closing values.

LG Electronics India is concerned that its South Korean parent may in the future start separate businesses in India which could compete with the former since there is no exclusivity arrangement between the two of them. India's largest home appliances maker highlighted the apprehensions in its draft prospectus filed with the market regulator on Friday for a planned initial public offering (IPO). The mega public issue will see LG Electronics sell a 15% stake in the Indian subsidiary to raise around ₹15,000 crore, potentially making it India's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor, Paytm and Coal India.