South Korea
South Korea’s President Yoon impeached after failed attempt to impose martial law
A screens shows footage of South Korean President Yoon Suk Yeol delivering an address to the nation at Seoul station on Dec. 7, 2024 in Seoul, South Korea. Chung Sung-jun | Getty Images News | Getty Images South Korea’s President Yoon Suk Yeol was impeached on Saturday in a vote triggered after his fleeting failed […]
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Yellen discusses South Korean political crisis with country’s finance minister
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen spoke to South Korean Finance Minister Choi Sang-mok on Tuesday and discussed South Korea’s political turmoil following President Yoon Suk Yeol’s attempt last week to impose martial law. Yellen “expressed appreciation for the close […]
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European markets higher as new trading week kicks off; Gucci-owner Kering rises over 4%
European markets opened higher on Monday as the new trading week kicked off, with investors weighing geopolitical turmoil. The pan-European Stoxx 600 was up by around 0.3% at 8:34 a.m. London time, with most major regional bourses and sectors trading in positive territory. Traders will be assessing geopolitical upheaval in the Middle East after the […]
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South Korea President Yoon banned from foreign travel as leadership crisis deepens
People gather outside the National Assembly, after South Korean President Yoon Suk Yeol declared martial law, in Seoul, South Korea, December 4, 2024. Soo-hyeon Kim | Reuters South Korean President Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, […]
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CNBC Daily Open: Political uncertainty intensifies over the weekend
National Syrian Army soldiers celebrate after opposition forces led by Hayat Tahrir al-Sham took control of the Hama city center and surrounding villages on Dec. 6, 2024, in Hama, Syria. Dia Images | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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