Berliner Boersenzeitung - South Korea overcame 'crisis', leader says year after martial law

EUR -
AED 4.276798
AFN 76.973093
ALL 96.541337
AMD 443.660189
ANG 2.0846
AOA 1067.888653
ARS 1669.958677
AUD 1.752514
AWG 2.096182
AZN 1.984351
BAM 1.955625
BBD 2.34549
BDT 142.477215
BGN 1.956439
BHD 0.439061
BIF 3440.791247
BMD 1.164546
BND 1.508565
BOB 8.047278
BRL 6.334667
BSD 1.164496
BTN 104.702605
BWP 15.471612
BYN 3.348
BYR 22825.091832
BZD 2.34209
CAD 1.610159
CDF 2599.265981
CHF 0.936209
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4424.302993
CRC 568.848955
CUC 1.164546
CUP 30.860456
CVE 110.255106
CZK 24.203336
DJF 207.371392
DKK 7.470448
DOP 74.533312
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.629892
FJD 2.632397
FKP 0.873054
GBP 0.872678
GEL 3.138497
GGP 0.873054
GHS 13.246811
GIP 0.873054
GMD 85.012236
GNF 10119.091982
GTQ 8.9202
GYD 243.638138
HKD 9.065875
HNL 30.671248
HRK 7.535429
HTG 152.446321
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.873054
INR 104.760771
IQD 1525.563106
IRR 49041.926882
ISK 149.038983
JEP 0.873054
JMD 186.393274
JOD 0.825709
JPY 180.924237
KES 150.636483
KGS 101.839952
KHR 4662.581612
KMF 491.43861
KPW 1048.090369
KRW 1716.311573
KWD 0.357481
KYD 0.970513
KZT 588.927154
LAK 25252.733992
LBP 104283.942272
LKR 359.197768
LRD 204.961608
LSL 19.736529
LTL 3.438601
LVL 0.704422
LYD 6.330432
MAD 10.755735
MDL 19.814222
MGA 5194.533878
MKD 61.634469
MMK 2445.076766
MNT 4131.078022
MOP 9.338362
MRU 46.438833
MUR 53.651052
MVR 17.938355
MWK 2019.3188
MXN 21.165153
MYR 4.787492
MZN 74.426542
NAD 19.736529
NGN 1688.68458
NIO 42.856154
NOK 11.767853
NPR 167.523968
NZD 2.015483
OMR 0.44694
PAB 1.164595
PEN 3.914449
PGK 4.941557
PHP 68.66747
PKR 326.476804
PLN 4.229804
PYG 8009.281302
QAR 4.244719
RON 5.092096
RSD 117.389466
RUB 89.441974
RWF 1694.347961
SAR 4.370508
SBD 9.584899
SCR 15.747587
SDG 700.4784
SEK 10.946786
SGD 1.508673
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 664.340387
SRD 44.985272
STD 24103.740676
STN 24.497802
SVC 10.190086
SYP 12876.190342
SZL 19.72123
THB 37.119932
TJS 10.684641
TMT 4.087555
TND 3.416093
TOP 2.803946
TRY 49.523506
TTD 7.894292
TWD 36.437508
TZS 2841.64501
UAH 48.888813
UGX 4119.630333
USD 1.164546
UYU 45.545913
UZS 13931.74986
VES 296.437311
VND 30697.419423
VUV 141.330531
WST 3.247465
XAF 655.898144
XAG 0.019964
XAU 0.000277
XCD 3.147243
XCG 2.098812
XDR 0.815727
XOF 655.898144
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.923584
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • JRI

    0.0400

    13.79

    +0.29%

  • NGG

    -0.5000

    75.41

    -0.66%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BCC

    -1.2100

    73.05

    -1.66%

  • SCS

    -0.0900

    16.14

    -0.56%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • BCE

    0.3300

    23.55

    +1.4%

  • RELX

    -0.2200

    40.32

    -0.55%

  • GSK

    -0.1600

    48.41

    -0.33%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • BTI

    -1.0300

    57.01

    -1.81%

  • AZN

    0.1500

    90.18

    +0.17%

  • BP

    -1.4000

    35.83

    -3.91%

  • RIO

    -0.6700

    73.06

    -0.92%

South Korea overcame 'crisis', leader says year after martial law
South Korea overcame 'crisis', leader says year after martial law / Photo: ANTHONY WALLACE - AFP

South Korea overcame 'crisis', leader says year after martial law

South Korean leader Lee Jae Myung said Wednesday the country had overcome an "unprecedented crisis" of democracy one year on from ousted president Yoon Suk Yeol's declaration of martial law that sparked political turmoil.

Text size:

On December 3, 2024, Yoon suspended civilian rule in South Korea for the first time in more than four decades, prompting massive protests and a showdown in parliament.

A year later, the country remains politically polarised as it faces a slowing economy and an ageing population, as well as the lingering threat from North Korea.

Lee, who succeeded Yoon after his removal from office, said the South Korean people had "overcome an unprecedented crisis of democracy in world history through peaceful means".

Speaking to foreign media, he touted the benefits of "K-democracy" in removing Yoon from office -- but admitted the country remained deeply divided.

"National unity is my priority," he said.

Lee is also due to attend a rally outside the National Assembly, where one year ago lawmakers defied soldiers to vote down the martial law bid within hours of the announcement.

Seoul police told AFP they expected at least 2,000 people to join the rally, the first of its kind near the South Korean legislature since the dramatic events of 2024.

Hundreds of Yoon supporters also braved sub-zero temperatures on Wednesday outside the National Assembly holding placards calling for Yoon to be released and Lee to be removed from office and put on trial.

The PPP's floor leader apologised for failing to prevent martial law.

Song Eon-seog said Wednesday that lawmakers should "feel a heavy sense of responsibility for failing to prevent the declaration of martial law that caused such distress to the public".

But party leader Jang Dong-hyuk wrote on social media that the martial law had served to "counter an act of parliamentary tyranny".

- Languishing in prison -

Much of the right continues to "share Yoon Suk Yeol's political stance and interests", political commentator Park Sang-byung told AFP.

"Doing so serves their grip on party power and their future political interests," said Park.

Yoon's legal troubles in the wake of the martial law declaration have also served to boost his image as a martyr among the far right.

The ousted leader is on trial for insurrection and other offences linked to his martial law bid, and could face the death penalty if found guilty.

His wife is also in custody and on trial on charges including bribery, stock-market rigging, and accepting luxury gifts worth more than $50,000.

It is the first time in South Korea's history that a former president and first lady have both been arrested.

Two dozen of Yoon's cronies, including his former intelligence chief and interior minister, are on trial on insurrection charges.

All court hearings related to the martial law declaration are scheduled to end no later than February.

(S.G.Stein--BBZ)