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South Korea’s Acting President Han impeached; Stocks, won plummet

Korea Economic Daily LogoKorea Economic Daily19h ago

South Korea’s Acting President Han impeached; Stocks, won plummet - Korea Economic Daily

Quick Summary:

Earlier on Friday, Finance Minister Choi warned that impeaching the acting president would seriously damage the country's economic credibility.“The economy and the people's livelihoods are walking on thin ice under a national state of emergency and it cannot cope with any greater political uncertainty that will result from another acting president assuming the acting presidency,” he said.‘ANTI-STATE FORCES’Yoon shocked the country and the world with a late-night announcement on Dec.3 that he was imposing martial law to overcome political deadlock and root out “anti-state forces.” The military deployed special forces to the National Assembly, the election commission, and the office of a liberal YouTube commentator.

However, Han said in a televised address on Thursday that he would hold off on appointing the nominees until the rival parties – Yoon’s governing People Power Party and the opposition bloc agree on whether he has the authority to do so as the acting president.

Han Duck-soo, South Korea’s acting president and prime minister, was impeached in Parliament on Friday amid a deepening political crisis battering the already weak economy, Asia’s fourth-largest.


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South Korea’s Acting President Han impeached; Stocks, won plummet - Korea Economic Daily (Picture 1)South Korea’s Acting President Han impeached; Stocks, won plummet - Korea Economic Daily (Picture 2)South Korea’s Acting President Han impeached; Stocks, won plummet - Korea Economic Daily (Picture 3)South Korea’s Acting President Han impeached; Stocks, won plummet - Korea Economic Daily (Picture 4)South Korea’s Acting President Han impeached; Stocks, won plummet - Korea Economic Daily (Picture 5)South Korea’s Acting President Han impeached; Stocks, won plummet - Korea Economic Daily (Picture 6)

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 17:25:35 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 819 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 24688066

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 15 hours ago

Coverage Areas: South Korea

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Publication Timezone: GMT +8:00

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Publisher ID: #91

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