Berliner Boersenzeitung - South Korea in political crisis after president resists arrest

EUR -
AED 4.067465
AFN 71.990312
ALL 90.627335
AMD 404.431297
ANG 1.982267
AOA 1016.726333
ARS 1710.57938
AUD 1.618319
AWG 1.993581
AZN 1.885599
BAM 1.951914
BBD 2.255104
BDT 139.582093
BGN 1.935801
BHD 0.422399
BIF 3349.448824
BMD 1.107545
BND 1.431386
BOB 13.27906
BRL 6.184308
BSD 1.119667
BTN 105.224999
BWP 15.360735
BYN 3.352428
BYR 21707.879833
BZD 2.25182
CAD 1.579387
CDF 2563.966445
CHF 0.922723
CLF 0.02768
CLP 1089.391844
CNY 7.387712
CNH 7.383974
COP 3633.744028
CRC 506.439696
CUC 1.107545
CUP 26.869503
CVE 110.055817
CZK 24.385893
DJF 199.380138
DKK 7.475377
DOP 67.911228
DZD 151.620647
EGP 59.307255
ERN 16.613173
ETB 182.237045
FJD 2.512077
FKP 0.834016
GBP 0.835438
GEL 2.875558
GGP 0.834016
GHS 13.111375
GIP 0.834016
GMD 81.958112
GNF 9919.191373
GTQ 8.555738
GYD 234.619355
HKD 8.687078
HNL 30.096931
HRK 7.496982
HTG 146.761713
HUF 364.725177
IDR 20197.188604
ILS 3.516289
IMP 0.834016
INR 103.903604
IQD 1697.220851
IRR 2111063.625609
ISK 136.60431
JEP 0.834016
JMD 177.702241
JOD 0.785284
JPY 176.954675
KES 143.936361
KGS 96.854353
KHR 4566.34137
KMF 489.534619
KPW 996.790358
KRW 1475.859262
KWD 0.344856
KYD 0.932943
KZT 499.834834
LAK 25202.439053
LBP 100264.926457
LKR 372.104421
LRD 190.338224
LSL 18.356059
LTL 3.270292
LVL 0.669943
LYD 7.177326
MAD 10.922187
MDL 20.12003
MGA 5066.347521
MKD 61.552219
MMK 2325.539036
MNT 3992.592734
MOP 9.04589
MRU 45.167354
MUR 52.242751
MVR 17.054243
MWK 1941.501024
MXN 20.606424
MYR 4.520889
MZN 70.773444
NAD 18.354157
NGN 1490.467247
NIO 41.201874
NOK 10.597665
NPR 168.360757
NZD 1.991039
OMR 0.425858
PAB 1.119697
PEN 3.815503
PGK 5.028465
PHP 70.506385
PKR 307.425688
PLN 4.411466
PYG 6911.831479
QAR 4.081442
RON 5.346007
RSD 117.612262
RUB 91.993569
RWF 1656.551393
SAR 4.177896
SBD 8.960866
SCR 15.436901
SDG 666.186966
SEK 11.057951
SGD 1.423373
SHP 0.829901
SLE 25.365438
SLL 23224.66743
SOS 639.883773
SRD 41.69459
STD 22923.943087
STN 24.453631
SVC 9.796495
SYP 14400.298304
SZL 18.361018
THB 37.422282
TJS 10.289642
TMT 3.876407
TND 3.336957
TOP 2.666702
TRY 55.661878
TTD 7.592883
TWD 36.472
TZS 2944.030377
UAH 50.925177
UGX 4568.419925
USD 1.107545
UYU 45.303891
UZS 13406.308178
VES 997.333655
VND 28442.306534
VUV 132.84321
WST 3.087613
XAF 655.957
XAG 0.021468
XAU 0.000278102224
XCD 2.993196
XCG 2.017683
XDR 0.783092
XOF 655.957
XPF 119.331742
YER 261.939612
ZAR 18.387073
ZMK 9969.292258
ZMW 22.81264
ZWL 356.629003
SSP 6408.834546
MXV 2.315332
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

South Korea in political crisis after president resists arrest
South Korea in political crisis after president resists arrest / Photo: Philip FONG - AFP

South Korea in political crisis after president resists arrest

South Korea's political leadership was in uncharted territory Saturday after the sitting president resisted arrest over a failed martial law decree days before the warrant expires.

Text size:

In scenes of high drama on Friday, Yoon Suk Yeol's presidential guards and military troops shielded the former star prosecutor from investigators, who called off their arrest attempt citing safety concerns.

The South Korean president was impeached and suspended last month after the bungled martial law declaration -- a political move swiftly overturned by parliament -- with a separate warrant later issued for his arrest.

"There was a standoff. While we estimated the personnel blocking us to be around 200, there could have been more," an official from the investigation team said Friday on condition of anonymity.

"It was a dangerous situation."

Yoon faces criminal charges of insurrection, one of a few crimes not subject to presidential immunity, meaning he could be sentenced to prison or, at worst, the death penalty.

If carried out, the warrant would make Yoon the first sitting president ever arrested.

Since his impeachment, Yoon has holed up in his presidential residence in the capital Seoul, where he has refused to emerge for questioning three times.

The unprecedented showdown -- which reportedly included clashes but no shots fired -- left the arrest attempt by investigators in limbo with the court-ordered warrant set to expire on Monday.

Officials from the Corruption Investigation Office (CIO), which is probing Yoon over his martial law decree, said there could be another bid to arrest him before then.

But if the warrant lapses, they would have to apply for another from the same Seoul court that issued the initial summons.

The Constitutional Court slated January 14 for the start of Yoon's impeachment trial, which if he does not attend would continue in his absence.

Former presidents Roh Moo-hyun and Park Geun-hye never appeared for their impeachment trials.

Yoon's lawyers decried Friday's arrest attempt as "unlawful and invalid", and vowed to take legal action.

Experts said investigators could wait for greater legal justification before attempting to arrest the suspended president again.

"It may be challenging to carry out the arrest until the Constitutional Court rules on the impeachment motion and strips him of the presidential title," Chae Jin-won of Humanitas College at Kyung Hee University told AFP.

- 'Stable path' -

South Korean media reported that CIO officials had wanted to arrest Yoon and take him to their office in Gwacheon near Seoul for questioning.

After that, he could have been held for up to 48 hours on the existing warrant. Investigators would have needed to apply for another arrest warrant to keep him in custody.

Yoon has remained defiant despite the political impasse he initiated with his December 3 decree.

He told his right-wing supporters this week he would fight "to the very end" for his political survival.

By the time investigators attempted to execute the warrant for Yoon's arrest, he had layered his presidential compound with hundreds of security forces to prevent it.

Around 20 investigators and 80 police officers were heavily outnumbered by around 200 soldiers and security personnel linking arms to block their way after entering the presidential compound.

A tense six-hour standoff ensued until early Friday afternoon when the investigators were forced to U-turn for fear of violence breaking out.

The weeks of political turmoil have threatened the country's stability.

South Korea's key security ally, the United States, called for the political elite to work towards a "stable path" forward.

National Security Council spokesman John Kirby reaffirmed Washington's commitment to maintaining bilateral ties and readiness to respond to "any external provocations or threats".

Outgoing US Secretary of State Antony Blinken is scheduled to hold talks in Seoul on Monday, with one eye on the political crisis and another on nuclear-armed neighbour North Korea.

(Y.Yildiz--BBZ)