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South Korea Politics

All articles tagged with #south korea politics

Seoul seeks death penalty for ex-president over aborted martial-law bid
world5 days ago

Seoul seeks death penalty for ex-president over aborted martial-law bid

Prosecutors in Seoul have asked for the death penalty for former President Yoon Suk Yeol over his abortive December 2024 bid to declare martial law, arguing his actions amounted to insurrection even though no one was killed. The case, merged with charges against two other senior figures in his administration, is headed toward a February verdict; if convicted, Yoon faces either death or life imprisonment under Korean law. Yoon contends the martial law was symbolic to draw attention to opposition wrongdoing, and he has been detained since impeachment. Prosecutors cited testimony from a military commander and a memo discussing the potential to “dispose” of hundreds, underscoring the seriousness of the charges in a country that has not carried out an execution in decades.

Weekly Highlights from Alpha Picks
finance1 year ago

Weekly Highlights from Alpha Picks

The U.S. has tightened its chip export restrictions to China, impacting the semiconductor industry and benefiting non-Chinese firms like Applied Materials and Lam Research. Meanwhile, South Korea faces political instability as impeachment proceedings begin against President Yoon Suk Yeol following a brief martial law declaration. In the financial markets, growth stocks outperformed value stocks, and Bitcoin surpassed $100,000 amid favorable financial conditions. The U.S. dollar strengthened, while gold struggled due to rising Treasury yields and a strong dollar.