Berliner Boersenzeitung - South Korean president pressed to step down over martial law bid

EUR -
AED 4.255061
AFN 72.437749
ALL 95.956849
AMD 435.731102
ANG 2.07404
AOA 1062.461825
ARS 1618.786656
AUD 1.662133
AWG 2.08553
AZN 1.970545
BAM 1.955931
BBD 2.327766
BDT 141.80951
BGN 1.980453
BHD 0.437424
BIF 3427.94468
BMD 1.158628
BND 1.478706
BOB 7.98657
BRL 6.063064
BSD 1.155782
BTN 108.01971
BWP 15.793127
BYN 3.441446
BYR 22709.102929
BZD 2.324466
CAD 1.593438
CDF 2633.560581
CHF 0.913196
CLF 0.026707
CLP 1054.548206
CNY 7.971937
CNH 7.985639
COP 4301.83403
CRC 539.038475
CUC 1.158628
CUP 30.703634
CVE 110.272871
CZK 24.468128
DJF 205.814691
DKK 7.471365
DOP 68.584895
DZD 153.320865
EGP 60.593618
ERN 17.379416
ETB 180.456481
FJD 2.57534
FKP 0.865553
GBP 0.863867
GEL 3.145661
GGP 0.865553
GHS 12.643902
GIP 0.865553
GMD 84.579549
GNF 10130.72311
GTQ 8.852632
GYD 241.797259
HKD 9.078056
HNL 30.591184
HRK 7.526678
HTG 151.380805
HUF 388.586376
IDR 19578.490882
ILS 3.611501
IMP 0.865553
INR 108.757196
IQD 1514.101539
IRR 1523653.357824
ISK 143.60027
JEP 0.865553
JMD 182.042994
JOD 0.821447
JPY 183.741555
KES 150.157288
KGS 101.321721
KHR 4631.330575
KMF 492.416852
KPW 1042.731501
KRW 1732.26501
KWD 0.355027
KYD 0.96316
KZT 557.059279
LAK 24842.773226
LBP 103502.98783
LKR 362.935906
LRD 211.505097
LSL 19.597599
LTL 3.421126
LVL 0.700842
LYD 7.398528
MAD 10.802871
MDL 20.214443
MGA 4810.343352
MKD 61.647804
MMK 2432.688258
MNT 4135.109099
MOP 9.325025
MRU 46.137293
MUR 53.877257
MVR 17.900528
MWK 2003.743023
MXN 20.667056
MYR 4.574842
MZN 74.048192
NAD 19.595823
NGN 1586.798282
NIO 42.533036
NOK 11.339952
NPR 172.831336
NZD 1.986317
OMR 0.445484
PAB 1.155782
PEN 4.02067
PGK 4.990356
PHP 69.461469
PKR 322.629729
PLN 4.261892
PYG 7552.539085
QAR 4.226402
RON 5.095063
RSD 117.386409
RUB 94.912791
RWF 1689.720609
SAR 4.349969
SBD 9.328943
SCR 16.834338
SDG 696.334962
SEK 10.854279
SGD 1.481311
SHP 0.869271
SLE 28.444146
SLL 24295.856107
SOS 660.547148
SRD 43.2591
STD 23981.254139
STN 24.501749
SVC 10.112635
SYP 128.581659
SZL 19.590398
THB 37.827456
TJS 11.043288
TMT 4.055197
TND 3.406043
TOP 2.789697
TRY 51.379574
TTD 7.845849
TWD 37.028347
TZS 3000.845232
UAH 50.747122
UGX 4363.311444
USD 1.158628
UYU 47.093361
UZS 14090.944974
VES 528.918591
VND 30528.681279
VUV 138.407611
WST 3.184922
XAF 656.003824
XAG 0.017067
XAU 0.000266
XCD 3.13125
XCG 2.082931
XDR 0.815858
XOF 656.003824
XPF 119.331742
YER 276.506125
ZAR 19.600916
ZMK 10429.037131
ZMW 22.392598
ZWL 373.077647
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.6300

    15.97

    +3.94%

  • GSK

    0.1500

    51.99

    +0.29%

  • BCE

    -0.0300

    25.76

    -0.12%

  • BTI

    0.5500

    57.92

    +0.95%

  • CMSC

    0.2300

    22.88

    +1.01%

  • RELX

    0.4500

    33.81

    +1.33%

  • NGG

    0.0700

    82.06

    +0.09%

  • BP

    -1.2100

    43.57

    -2.78%

  • VOD

    0.1500

    14.48

    +1.04%

  • RIO

    2.6900

    85.84

    +3.13%

  • CMSD

    0.0816

    22.74

    +0.36%

  • BCC

    3.5800

    71.88

    +4.98%

  • JRI

    -0.0900

    11.68

    -0.77%

  • AZN

    0.4700

    184.07

    +0.26%

South Korean president pressed to step down over martial law bid
South Korean president pressed to step down over martial law bid / Photo: Jung Yeon-je - AFP

South Korean president pressed to step down over martial law bid

South Korean President Yoon Suk Yeol faced demands to resign on Wednesday after his short-lived attempt to impose martial law was voted down by lawmakers and brought thousands of protesters to the streets.

Text size:

Yoon's shock bid to impose martial law on South Korea for the first time in over four decades plunged the country into the deepest turmoil in its modern democratic history and caught its close allies around the world off guard.

The United States, which stations nearly 30,000 troops in South Korea to protect it from the nuclear-armed North, initially voiced deep concern at the declaration, then relief that martial law was over.

The dramatic developments have left the future of Yoon -- a conservative politician and former star public prosecutor who was elected president in 2022 -- in jeopardy.

South Korea's main opposition party -- whose lawmakers jumped fences and tussled with security forces so they could vote to overturn the law -- demanded Yoon's immediate resignation.

"We will file charges of insurrection," against Yoon, his defence and interior ministers and "key military and police figures involved, such as the martial law commander and the police chief", the Democratic Party said in a statement.

It added that it would also push for impeachment.

The nation's largest umbrella labour union called an "indefinite general strike" until Yoon resigned.

And the leader of Yoon's own ruling party described the attempt as "tragic" while calling for those involved to be held accountable.

- Defiance -

Yoon stunned the world with a late-night television announcement that he was declaring martial law because of the threat of North Korea and "anti-state forces".

More than 280 troops backed by 24 helicopters arrived at parliament to lock down the site after the extraordinary declaration.

But 190 lawmakers defied the rifle-carrying soldiers to force their way into parliament to vote against the move, leaving Yoon with no choice but to retract.

Under the constitution, martial law must be lifted when a majority in parliament demands it.

"Just a moment ago, there was a demand from the National Assembly to lift the state of emergency, and we have withdrawn the military that was deployed for martial law operations," Yoon said in a televised address around 4:30 am (1930 GMT Tuesday).

"We will accept the National Assembly's request and lift the martial law through the Cabinet meeting."

Senior aides working for Yoon offered Wednesday to resign en masse over the martial law declaration.

By midday, Yoon had yet to reappear publicly.

- 'Impeachment' -

The U-turn prompted jubilation among protesters outside parliament who had braved freezing temperatures to keep vigil through the night in defiance of Yoon's martial law order.

Demonstrators who had been waving South Korean flags and chanting "Arrest Yoon Suk Yeol" outside the National Assembly erupted in cheers.

Lim Myeong-pan, 55, told AFP that Yoon's decision to rescind martial law did not absolve him of wrongdoing.

"Yoon's act of imposing it in the first place without legitimate cause is a serious crime in itself," Lim told AFP.

"He has paved his own path to impeachment with this."

With more protests expected, large numbers of police were patrolling key avenues Wednesday morning.

- 'Anti-state' elements -

Yoon had given a range of reasons to justify his action.

"To safeguard a liberal South Korea from the threats posed by North Korea's communist forces and to eliminate anti-state elements plundering people's freedom and happiness, I hereby declare emergency martial law," Yoon said in a televised address.

Yoon did not give details about the North's threats, but the South remains technically at war with nuclear-armed Pyongyang.

"Our National Assembly has become a haven for criminals, a den of legislative dictatorship that seeks to paralyse the judicial and administrative systems and overturn our liberal democratic order," Yoon said.

The president labelled the main opposition Democratic Party, which holds a majority in the 300-member parliament, "anti-state forces intent on overthrowing the regime".

Yoon and his People Power Party are also bitterly at odds with the opposition over next year's budget.

Opposition MPs last week approved a significantly downsized budget plan through a parliamentary committee.

Yoon's move came after his approval rating dropped to 19 percent in the latest Gallup poll last week, with many expressing dissatisfaction over his handling of the economy and controversies involving his wife, Kim Keon Hee.

- Concern, relief -

Democratic South Korea is a major ally of the United States in Asia, but Washington said it was not given advance notice of Yoon's plan to impose martial law.

"We welcome President Yoon's statement that he would rescind the order declaring emergency martial law," US Secretary of State Antony Blinken said.

"We continue to expect political disagreements to be resolved peacefully and in accordance with the rule of law."

China, a key ally of North Korea, urged its nationals in the South to stay calm and exercise caution, while Tokyo said it was monitoring the situation with "exceptional and serious concerns".

Vladimir Tikhonov, professor of Korea studies at the University of Oslo, said Yoon's move to impose martial law was "an attempt to wind history back".

"I don't think South Korea's civil society can recognise Yoon as a legitimate president any longer," he told AFP.

bur-oho-kma-hmn/ceb/cwl

(F.Schuster--BBZ)