Latest World News: South Korea’s ruling party unable to ’find a better way ’ backs impeachment of President Yoon; who takes over?

South Korea Political Crisis: In a significant political shift, South Korea’s ruling People Power Party (PPP) has announced its support for the impeachment of President Yoon Suk Yeol. This decision follows Yoon’s controversial declaration of martial law, which has sparked widespread public outrage and a political crisis in the country. South Korea PPP’s Shift in […]

Latest World News: South Korean Stocks, Won Slump as Political Crisis Deepens

South Korean stocks tumbled and the won approached its weakest since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility.  The benchmark Kospi Index dropped as much as 2.3%, and the small-cap Kosdaq Index slumped more than 4% to its lowest since April 2020. The won fell […]

Latest World News: South Korea’s Yoon to Address Nation Before Impeachment Vote

South Korean President Yoon Suk Yeol will deliver a public address at 10 a.m. local time on Saturday before he faces an impeachment vote, according to his office. The announcement comes as the opposition-controlled parliament prepares to vote on a motion for impeachment later in the day after Yoon declared martial law on Tuesday. The […]

Latest World News: In South Korea’s crisis playbook, currency stability is paramount

Finance Minister Choi led emergency response efforts Financial authorities activated crisis measures South Korea injects unlimited liquidity to stabilise won SEOUL, – Minutes after South Korean President 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 […]