South Korea
South Korea martial law fallout deepens as prosecutors close in on president, ex-defense minister
People march in heavy rain to protest against South Korean president Yoon Suk Yeol, as strike and protests continue amid the martial law crisis, in Seoul, South Korea, on December 05, 2024. Daniel Ceng | Anadolu | Getty Images South Korea’s leadership crisis deepened on Sunday as prosecutors named President Yoon Suk Yeol as a […]
Read More
South Korea’s President Yoon survives impeachment motion after ruling party boycotts vote
SEOUL, SOUTH KOREA – NOVEMBER 07: South Korean President Yoon Suk-yeol attends a press conference on state affairs at the presidential office on Nov. 7, 2024. Pool | Getty Images News | Getty Images Beleaguered South Korean President Yoon Suk Yeol on Saturday survived an impeachment motion triggered by his short-lived failed attempt to impose […]
Read More
Ruling party leader says South Korea president must be suspended as soon as possible
Protesters hold placards during a candlelight vigil to condemn South Korean President Yoon Suk Yeol’s surprise declarations of the failed martial law and to call for his resignation in Seoul, South Korea, December 5, 2024. Kim Kyung-Hoon | Reuters South Korea’s ruling party leader said on Friday President Yoon Suk Yeol needs to be removed from […]
Read More
CNBC Daily Open: South Korea and its markets are not unfamiliar with impeachment
A man wearing an outfit with a face mask of South Korea’s President Yoon Suk Yeol dances outside the National Assembly in Seoul, South Korea on December 4, 2024, after Yoon declared martial law. South Korea’s President Yoon Suk Yeol on December 3 declared martial law, accusing the opposition of being “anti-state forces” and saying […]
Read More
South Korean parliament introduces motion to impeach President Yoon
South Korean lawmakers submit a impeachment motion of South Korean President Yoon Suk Yeol at the National Assembly in Seoul, South Korea, December 4, 2024. Yonhap News Agency | Via Reuters South Korea’s parliament on Thursday formally introduced a motion to impeach Yoon Suk Yeol, setting the stage for a historic vote which could oust […]
Read More
South Korea’s short-lived martial law declaration rattled markets. Here’s what’s next for stocks
A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. Bloomberg | Bloomberg | Getty Images An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia’s fourth-largest economy, analysts say, although some see reason to be more upbeat […]
Read More
CNBC Daily Open: U.S. stocks start December chilly; Korea stocks tumble on political chaos
The Fearless Girl statue outside the New York Stock Exchange on December 18, 2020 in New York City. Noam Galai | Getty Images Entertainment | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
Read More
CNBC Daily Open: U.S. stocks began December chilly, but will probably warm up soon
New York City was hit by the first snow of the season on November 15, 2018. Erik Mcgregor | Lightrocket | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
Read More
Bank of Korea holds emergency meeting after Yoon lifts martial law
Signage for Bank of Korea is displayed atop the central bank’s headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea’s central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their […]
Read More
As global defense spending surges, South Korean arms makers look like a clear winner
A newly received Korean K9 Thunder howitzer is pictured ahead a military exercise at the training range in Torun, February 23, 2023. Wojtek Radwanski | Afp | Getty Images South Korea is known for many things. K-pop, K-dramas and Korean food have made their way across the world. Now, a new facet from South Korea […]
Read More