South Korea impeaches acting President Han Duck-soo, deepening political turmoil

South Korea impeaches acting President Han Duck-soo, deepening political turmoil


Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024.

Bloomberg | Bloomberg | Getty Images

South Korea’s lawmakers on Friday voted to impeach acting President Han Duck-soo, in the second head-of-state ousting this month after a short-lived martial decree on Dec. 3, according to South Korean news agency Yonhap.

Finance Minister Choi Sang-mok is next in line to take on the mantle of the acting presidency, according to South Korean law.

Han’s predecessor, President Yoon Suk Yeol, was impeached a mere two weeks prior, after imposing martial law for six hours at the start of the month for the first time since the military coup of 1979, citing the need to “protect the constitutional order based on freedom and eradicate shameful pro-North Korea anti-state groups, that are stealing freedom and happiness of our people,” according to NBC News. 

Opposition lawmakers brought the motion against Han on Thursday over the acting president’s reluctance to immediately appoint three justices in the Constitutional Court, which is preparing to kick off deliberations on upholding Yoon’s impeachment or reinstating him. Han’s ruling Power People Party has argued that filling the Constitutional Court vacancies exceeds Han’s mandate as acting president.

A simple 151 majority, rather than two-thirds of parliamentary support, was required to pass the Friday vote. The assembly approved Han’s impeachment motion with 192-0 in favor, while governing party lawmakers boycotted the poll, according to a Google-translated Yonhap update. The agency reports that acting Han has said he will respect the Friday decision.

Han’s own impeachment plunges South Korea into renewed political turbulence, shaking the foundations of its democratic success story and driving the Korean won down 0.40% to 1,472.22 after the Friday news. South Korea’s Kospi slid 1.02% during the Friday session.

This breaking news story is being updated.



Source

From albums to stadiums: K-pop companies look for higher revenue in live concerts
World

From albums to stadiums: K-pop companies look for higher revenue in live concerts

When Blackpink kicks off their “Deadline” world tour in Goyang , South Korea, this weekend, they’ll be aiming to top the record-breaking run of their previous tour, which grossed over $330 million and was reportedly the highest-earning in history by a girl group. Projections from Daishin Securities show that the new tour by the four-member […]

Read More
Hong Kong’s IPO market is on fire — here’s what’s fueling the surge
World

Hong Kong’s IPO market is on fire — here’s what’s fueling the surge

Robin Zeng, founder and chairman of Contemporary Amperex Technology Co. Ltd. (CATL), third right, strikes a gong as Paul Chan, Hong Kong’s financial secretary, second right, and Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), right, applaud during the CATL listing ceremony at the Hong Kong Stock Exchange in Hong […]

Read More
Asia-Pacific markets open mixed as investors assess U.S.-Vietnam trade deal
World

Asia-Pacific markets open mixed as investors assess U.S.-Vietnam trade deal

The Otemachi One Tower building in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mixed Thursday as investors await details on the U.S.-Vietnam trade agreement that President Donald Trump announced Wednesday. The U.S. is imposing a 20% tariff on goods imported from the Southeast Asian nation, while the latter will impose “ZERO […]

Read More