BusinessPostCorner.com
No Result
View All Result
Monday, July 20, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

South Korea’s president impeached following failed martial law gambit

December 14, 2024
in Finance
Reading Time: 2 mins read
A A
0
South Korea’s president impeached following failed martial law gambit
ShareShareShareShareShare

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

South Korea’s President Yoon Suk Yeol has been impeached by the National Assembly following his failed attempt to impose martial law last week.

Opposition parties, which command a majority in the legislature, only needed the support of eight out of 108 lawmakers from the president’s People Power party to secure the required two-thirds majority. The motion passed by a margin of 204-85.

Yoon had survived an impeachment motion last Saturday after lawmakers from his conservative PPP boycotted the vote. But the mood in the party started to shift against him on Thursday after a speech where he lashed out at critics and vowed to “fight to the end”.

While the official stance of the PPP was to oppose Yoon’s impeachment, leader Han Dong-hoon announced on Thursday that members should vote “based on their own conviction and conscience” during Saturday’s secret ballot.

Yoon’s impeachment must still be approved by South Korea’s Constitutional Court, which is supposed to deliver its verdict within 180 days of the parliamentary vote, but this time limit is not binding.

In the meantime, Yoon will be suspended from duties and constitutional authority will be passed to prime minister Han Duck-soo, a Yoon appointee and career technocrat, on an interim basis.

The last president to be successfully impeached was the conservative Park Geun-hye, who was removed in 2017 following a bribery and influence scandal that triggered large street demonstrations.

This is a developing story

Credit: Source link

ShareTweetSendPinShare
Previous Post

Rachel Reeves puts pensions review on hold to avoid extra burden on UK business

Next Post

Elon Musk’s lawyer said the SEC demanded the Tesla CEO pay a fine or face charges to resolve an investigation into his purchase of Twitter

Next Post
Elon Musk’s lawyer said the SEC demanded the Tesla CEO pay a fine or face charges to resolve an investigation into his purchase of Twitter

Elon Musk’s lawyer said the SEC demanded the Tesla CEO pay a fine or face charges to resolve an investigation into his purchase of Twitter

Food tracking: Does using an app make you healthier?

Food tracking: Does using an app make you healthier?

July 13, 2026
Trump says US to abandon proposed Strait of Hormuz cargo fee

Trump says US to abandon proposed Strait of Hormuz cargo fee

July 14, 2026
IBM’s stock plummets after Q2 underperformance

IBM’s stock plummets after Q2 underperformance

July 15, 2026
TSMC pledges another 0bn to expand US production in Arizona

TSMC pledges another $100bn to expand US production in Arizona

July 16, 2026
Google Gemini AI Reveals Shocking Solana Price Target for 2026

Google Gemini AI Reveals Shocking Solana Price Target for 2026

July 17, 2026
PwC and UK partner hit with £3M fine over Babcock audit

PwC and UK partner hit with £3M fine over Babcock audit

July 16, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Markets brace for all-out war in Iran as former NATO commander warns Suez Canal could be next

Markets brace for all-out war in Iran as former NATO commander warns Suez Canal could be next

July 19, 2026
Box office debut for ‘Odyssey’ tops ‘Oppenheimer’ and is Nolan’s best since ‘Dark Knight Rises’

Box office debut for ‘Odyssey’ tops ‘Oppenheimer’ and is Nolan’s best since ‘Dark Knight Rises’

July 19, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!