President Yun Suk Yeol, who is imperative of South Korea, comes to the Constitutional Court in Seoul, South Korea, for his impeachment test on January.
Kim Hong-ji | Roots
The Constitutional Court of South Korea on Friday retained the impeachment of President Yun Suk Yeol, dropping it from the office.
This decision now begins to count the 60-day up-day count where a presidential election should be held to select the next President. In the interim, Prime Minister Han Dak-Su Restored as Acting Chairman After a decision by the Constitutional Court on 24 March.
In a broadcast on television in South Korea, the acting head of the Constitutional Court, Moon Hyung-Bee, said the decision was unanimous.
Moon said that former president The declaration of martial law did not meet the legal requirement for the national crisis.
He said that according to the translation of local media Yonhap, Yun had violated the law by sending soldiers to the country’s Parliament.
After the decision, South Korea Kopy The decline of 1.66%declined, and the small hat cousdac fell 0.85%. South Korean won About 1%strengthened.
The Democratic Party of South Korea declared the verdict as a “victory of the people”, while the People’s Power Party said it “politely” accepts the court’s verdict, ” According to Yonhap.
The Finance Minister of South Korea has called an emergency meeting with the Governor of Bank of Korea Rai Chang-Yong as well as the country’s Financial Supervisory Services and Financial Supervisory Commission. Media report from Chosun Biz in Seoul,
He had impeachment on him Marshal law implantation In a surprising late night broadcast on 3 December, citing the need to protect the country from “North Korean Communist forces” and “anti -state forces”. This was the first time a martial law was declared in South Korea in 40 years.
The MPs voted the decree in the country’s Parliament a few days later, before registering impeachment pace against Yun, a few hours after the Marshall Law announcement. Yun was impeached on 14 December and was suspended from the office.
Talking to CNBC after being ruling, Homin Lee, senior macro strategist at Swiss Private Bank Lombard Odier, said that the decision should be given more clarity for South Korea’s rule over the next few years and offer some negative emotions arising from Trump’s punitive mutual tariffs.
The President is not a by -election deal, he said. However, investors will believe that the leader of the opposing party Lee J-Mung will be at the forefront, and looks closely at his policy signals, Lee said.
Li expects a close upheaval in the South Korean markets, however, “Investors will continue to struggle with Trump’s mutual tariff.”
Lee said he has a “neutral” call on South Korea, given that “uncertainty on business is balanced with the return of general politics and the return of asset valuations.”
