Korea Times Finance Reporter
Lee Hyo-jin covers the Bank of Korea, the banking industry and broader financial news. Her previous beats include foreign affairs, North Korea and general reporting on Korean society.
The nation's two main political parties are clashing over the opposition bloc's decision to exclude insurrection charges as grounds for President Yoon Suk Yeol’s impeachment at the Constitutional Court, lawmakers and political watchers said on Sunday.
People walk around Hwaseong Haenggung in Suwon, Gyeonggi Province, Sunday, as heavy snowfall hit the Greater Seoul area and eastern Gangwon Province. The capital region saw up to 10 centimeters of snow. Temperatures are expected to drop significantly across the country this week, with Seoul facing lows of minus 11 degrees Celsius on Thursday. Yonhap
Acting President Choi Sang-mok's appointment of two Constitutional Court justices, along with his veto of opposition-led special probe bills, further complicated the strategies of the rival parties, political analysts said Wednesday.
As South Korea ushers in 2025, its democracy stands at a critical moment.
As President Yoon Suk Yeol awaits the Constitutional Court’s ruling on his impeachment, nearly 70 percent of Koreans believe the court should uphold the impeachment, citing his declaration of martial law as valid grounds for removal, a poll showed on Tuesday.
Acting President and Prime Minister Han Duck-soo was impeached by the National Assembly, Friday, in an unprecedented parliamentary move to oust the nation’s interim leadership amid a deepening political crisis.
The main opposition Democratic Party of Korea (DPK) said Tuesday that it will wait until Thursday before submitting an impeachment motion against acting President Han Duck-soo, after he refused to meet the party's demand to promulgate special investigation bills targeting President Yoon Suk Yeol and first lady Kim Keon Hee by Christmas Eve.
The Constitutional Court will proceed with President Yoon Suk Yeol’s impeachment trial, despite his continued refusal to receive court notifications. The court considers the documents to have been effectively delivered, it said on Monday.
Acting President Han Duck-soo and the main opposition Democratic Party of Korea (DPK) are facing dilemmas in their power struggles for an upper hand in key state affairs amid the absence of President Yoon Suk Yeol, according to political analysts, Sunday.