Subterms
President Yoon Suk Yeol of South Korea is facing proceedings that could remove him from office after his imposition of martial law plunged the country into a political crisis. Members of South Korea’s opposition submitted a motion on Wednesday to impeach Mr. Yoon. Here’s how the process could unfold. Only two previous presidents have faced […] More
South Korean stocks and the country’s currency fell on Wednesday morning after a tense night during which President Yoon Suk Yeol declared and then lifted a martial-law declaration.The benchmark Kospi index fell about 2 percent in early trading in Seoul. Shares of some of South Korea’s biggest companies were down, with Samsung Electronics losing more than 1 percent and LG Energy Solution and Hyundai Motor shedding more than 2 percent.After a steep drop overnight, the South Korean won found its footing somewhat. On Wednesday morning it was trading down by about 1 percent against the dollar since the initial declaration of martial law late Tuesday night.Just before midnight on Tuesday and early in the morning on Wednesday, South Korea’s finance minister, Choi Sang-mok, convened meetings in Seoul with officials from the central bank and key financial regulators. They pledged to meet daily to “establish a constant risk management system” and provide “unlimited liquidity support” until the stock, bond and currency markets stabilized.Mr. Choi said on Wednesday that the government would focus on shielding the economy, and that officials would “closely communicate” with the authorities of other countries with major economies. “In any given situation, the government will do its best to address economic concerns and to minimize disruptions in entrepreneurial and daily activities,” he said.The Bank of Korea’s monetary policy board said it would hold an emergency meeting on Wednesday. The central bank unexpectedly cut interest rates last week, citing “heightened uncertainties surrounding growth and inflation, driven by the new U.S. administration’s policies.”As opposition lawmakers demanded that President Yoon step down, analysts and investors were trying to gauge how long South Korea’s outbreak of political turmoil would persist.Market, consumer and business sentiment will likely “take a significant hit” for some time, as it did in the period around South Korea’s last presidential impeachment in 2017, said Min Joo Kang, a senior economist at ING.South Korea’s credit rating could also be affected, though that is uncertain at this stage, Ms. Kang said in a note.“South Korea’s democratic institutions and culture have withstood the stress test,” Krishna Guha, vice chairman of Evercore ISI, wrote in a note. He expected “minimal” disruption to business and supply chains, “but it is extraordinary and troubling that it happened at all,” he added.Elsewhere in the Asia Pacific region, markets fell slightly but remained relatively calm. Benchmark indexes in Japan, Australia and Hong Kong all fell by less than 1 percent on Wednesday morning.Minho Kim More
For many younger South Koreans, President Yoon Suk Yeol’s short-lived declaration of martial law late Tuesday night was their first exposure to a kind of turbulence that older generations remember all too well.Since South Korea was founded in 1948, a number of presidents have declared states of military emergency. The most recent — and the most notorious, perhaps — came after the 1979 assassination of President Park Chung-hee, a former general who had occasionally used martial law himself to crack down on political protests and opposition since seizing power in 1961.Soon after Mr. Park was killed, a general, Chun Doo-hwan, staged his own coup. In May 1980, he declared martial law, banning all political activities, closing schools and arresting dissidents.Protests erupted in the southwestern city of Gwangju, and Mr. Chun sent in armored vehicles and paratroopers, who crushed the uprising. Officials said at least 191 people were killed, including 26 soldiers and police officers, but families of slain demonstrators said the death toll was much higher.Mr. Chun, who remained in power until 1988, characterized the Gwangju protests as a revolt driven by North Korean operatives. But the uprising became a pivotal moment in South Korea’s transition to democracy, and many South Koreans support revising the Constitution to honor its importance to the country.In 1996, Mr. Chun and another former general, Roh Tae-woo — a childhood friend of Mr. Chun who backed his rule and was directly elected president in 1988 — were prosecuted for the 1979 coup and the deadly crackdown that followed.Roh Tae-woo, left, and Chun Doo-hwan on trial in 1996.Yonhap/EPA, via ShutterstockPresident Kim Young-sam, who served from 1993 to 1998, said at the time of the prosecutions that they marked a new era of constitutionalism for Korea. But Mr. Kim pardoned both men the next year, a move aimed at uniting the country. Shin Woo-jae, a spokesman for President Kim, said the pardons were granted “to promote national reconciliation and rally the nation’s energies to overcome the economic difficulties at this juncture when the nation conducted the cleanest and fairest presidential election in its history.” More
Soon after President Yoon Suk Yeol’s declaration on Tuesday, lawmakers voted to defy him, prompting the president to say he was lifting his order.President Yoon Suk Yeol of South Korea declared emergency martial law on Tuesday night, then reversed himself hours later as thousands of protesters flooded the streets, capping an extraordinary night of tumult in the deeply divided country.The threat of military rule had brought political chaos to one of America’s closest allies in Asia and carried echoes of South Korea’s postwar years of military rule and political violence.But Mr. Yoon’s gambit appeared to quickly backfire, leaving his political future uncertain and the opposition baying for his impeachment.His announcement imposing martial law, at 10:30 p.m. local time on Tuesday, had immediately raised questions over whether the president could commandeer such a highly developed industrialized democracy.Before dawn on Wednesday, those questions appeared to be answered.The National Assembly quickly passed a resolution demanding an end to martial law, and Mr. Yoon backed down, saying he would lift his emergency declaration just five and a half hours after he had issued it.Martial law was formally lifted at a Cabinet meeting early Wednesday.President Yoon Suk Yeol of South Korea declared emergency martial law on Tuesday evening.Ahn Young-Joon/Associated PressWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
Honorable citizens, as President, I appeal to you with a feeling of spitting blood.Since the inauguration of our government, the National Assembly has initiated 22 impeachment motions against government officials, and since the inauguration of the 22nd National Assembly in June, it is pushing for the impeachment of 10 more. This is a situation that is not only unprecedented in any country in the world, but has never been seen since the founding of our country.It is paralyzing the judiciary by intimidating judges and impeaching a number of prosecutors, and it is paralyzing the executive branch by trying to impeach the Minister of the Interior, the Chairman of the Communications Commission, the Chair of the Board of Audit, and the Defense Minister.The handling of the national budget also undermined the essential functions of the state and turned Korea into a drug paradise and a public order panic by completely cutting all major budgets for cracking down on drug crimes and maintaining public security. The Democratic Party cut 4.1 trillion won from next year’s budget, including 1 trillion won for disaster preparedness reserves, 38.4 billion won for child care support allowances, and a project to develop a gas field in the city for youth jobs.They even put the brakes on funding to improve the treatment of military officers, including raising salaries and allowances for entry-level officers and increasing on-call duty fees.This budget outrage is nothing short of manipulating the national finances of the Republic of Korea. The legislative dictatorship of the Democratic Party, which uses even the budget as a means of political struggle, did not hesitate to impeach the budget. The government is paralyzed, and the people’s sighs are growing.This trampling of the constitutional order of the free Republic of Korea and the disruption of legitimate state institutions established by the constitution and laws is an obvious anti-state act that plots insurrection. The lives of the people are of no concern, and the government is in a state of paralysis due to impeachment, special investigation, and the defense of the opposition leader.Our National Assembly has become a den of criminals and is attempting to paralyze the nation’s judicial administration system through legislative dictatorship and overthrow the liberal democracy system. The National Assembly, which should be the foundation of liberal democracy, has become a monster that collapses the liberal democracy system. Now, Korea is in a precarious situation where it would not be surprising if it collapsed immediately.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
The vote Wednesday is a big test for President Yoon Suk Yeol, who has forged closer ties with the United States and Japan but whose domestic agenda has stalled.In the two years since he was elected, President Yoon Suk Yeol has made his mark in foreign policy, forging deeper ties with the United States and Japan. But his business-friendly domestic agenda has been stalled by his own missteps and an opposition-controlled Parliament.Mr. Yoon has a shot at a do-over on Wednesday, when South Koreans head to the polls to select a new Parliament.Dozens of parties are vying for the 300 seats in the National Assembly, South Korea’s single-chamber legislature. However, the contest is largely between Mr. Yoon’s conservative People Power Party and the main opposition camp, the liberal Democratic Party. Both have intense followings, but the eventual winner is expected to be decided by moderate and swing voters.This is the first general election since Mr. Yoon won the presidency in 2022, beating Lee Jae-myung of the Democratic Party by a razor-thin margin. The results will decide the makeup of the Assembly for the next four years, and they could also determine the political fate of the two rival leaders.The opposition leader Lee Jae-myung, top left, with a Democratic Party candidate for Parliament, Park Seong-joon, at a rally in Seoul on Saturday.Lee Jin-Man/Associated PressIf his party suffers a major loss, Mr. Yoon, 63, could essentially become a lame duck for the rest of his single, five-year term and could even face the threat of impeachment. Mr. Lee, 59, who has faced bribery and other criminal charges in court, is equally desperate to score an electoral victory.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
The attack on Lee Jae-myung, who narrowly lost the 2022 presidential vote, came amid a deepening political divide and increasingly extreme discourse in South Korea.Lee Jae-myung, South Korea’s opposition party leader, was attacked by a man who wearing a blue paper crown. In footage from Korean media, the attacker’s image has been blurred.@barunsori/YouTube via ReutersThe man accused of stabbing Lee Jae-myung, the leader of South Korea’s main opposition party, in the neck had been stalking him in recent weeks, including attending a political event where Mr. Lee was present on Dec. 13, apparently captured on video there wearing a blue paper crown, the police say.At a rally on Tuesday, a man wearing a similar paper crown and carrying a message supporting Mr. Lee and his party was also carrying something else: a knife with a five-inch blade and a plastic handle wrapped with duct tape.The attack, the worst against a South Korean politician in nearly two decades, seriously wounded Mr. Lee, who officials said was recovering in an intensive care unit at Seoul National University on Wednesday after surgery. And it deeply shocked a country that values hard-won years of relative peace after an era of political and military violence before establishing democracy in the 1990s.The opposition leader Lee Jae-myung after being attacked in Busan, South Korea, on Tuesday. Officials said he was recovering in Seoul after surgery.Yonhap, via ReutersThe police said that the suspect, a 66-year-old real estate agent named Kim Jin-seong, had admitted an intent to kill Mr. Lee. Armed with a court-issued warrant, the police confiscated Mr. Kim’s mobile phone and raided his home and office in Asan, south of Seoul, on Wednesday, as they tried to piece together what might have motivated that attack.With details still scarce, public debate and news editorials were expressing a growing concern about South Korea’s deepening political polarization and the hatred and extremism it has seemed to inspire, as well as the challenges it posed to the country’s young democracy.“The opposition leader falls under a knife of ‘politics of hatred,’” read a headline from the Chosun Ilbo, the country’s leading conservative daily.Officials said that little was known about Mr. Kim’s personal life or political and other background except that he was a former government official who had been operating a real estate agency in Asan since 2012. Police found no previous records of crime, drug use or psychiatric trouble, and said he was sober at the time of the attack on Mr. Lee. His neighbors said they had little interaction with him.One neighbor remembered him as a kind and hard-working “gentleman” who kept his office open every day, even on weekends, but who didn’t speak with him about politics and lived alone in an apartment.“He’s not someone who’d do such a thing,” said Park Min-joon, who runs a building management company. “I couldn’t believe it.”Investigators from the Busan Metropolitan Police Agency on Wednesday raiding the office of the suspect in the attack.Yonhap/EPA, via ShutterstockThe deep and bitter rivalry between Mr. Lee and President Yoon Suk Yeol has been center stage in South Korea’s political polarization since 2022, when Mr. Lee lost to Mr. Yoon with the thinnest margin of any free presidential election in South Korea. Instead of retiring from politics, as some presidential candidates have after defeats, Mr. Lee ran for — and won — a parliamentary seat, as well as chairmanship of the opposition Democratic Party.Under Mr. Yoon, state prosecutors have launched a series of investigations against Mr. Lee and tried to arrest him on various corruption and other criminal charges. Mr. Yoon has also refused to grant Mr. Lee one-on-one meetings that South Korean presidents had often offered opposition leaders to seek political compromises. Instead, he has repeatedly characterized his political opponents as “anti-state forces” or “corrupt cartels.”For his part, Mr. Lee accused Mr. Yoon of deploying state law-enforcement forces to intimidate his enemies. His party has refused to endorse many of Mr. Yoon’s appointees to the Cabinet and the Supreme Court. Political commentators likened the relationship between Mr. Yoon and Mr. Lee to “gladiators’ politics.”“The two have been on a collision course for two years,” said Park Sung-min, head of MIN Consulting, a political consultancy. “President Yoon has been accused of not recognizing Lee Jae-myung as an opposition leader but rather as a criminal suspect. I don’t think his attitude will likely change following the knife attack against Lee.”The last major attack on a domestic political leader happened in 2006, when Park Geun-hye, then an opposition leader, was slashed in the face with a box cutter. But the attack was seen largely as an isolated outburst of anger by an ex-convict who complained of mistreatment by the law enforcement system. (Ms. Park went on to win the 2012 presidential election.)Park Geun-hye, chairwoman of the Grand National Party, was attacked by a man with a box cutter during a campaign for local elections in Seoul in 2006. In 2012, she won the presidential election.Cbs Nocutnews, via Associated PressBut in recent years, politicians have been increasingly exposed to hatred in the public sphere, as political polarization deepened. In a survey sponsored by the newspaper Hankyoreh in December, more than 50 percent of respondents said they felt the political divide worsening. In another survey in December, commissioned by the Chosun Ilbo, four out of every 10 respondents said they found it uncomfortable to share meals or drinks with people who didn’t share their political views.South Koreans had an early inkling of the current problem. During the presidential election campaign in 2022, Song Young-gil, an opposition leader, was attacked by a bludgeon-wielding man in his 70s, who subsequently killed himself in jail.Jin Jeong-hwa, a YouTuber whose channel openly supports Mr. Lee and who live-streamed the knife attack on Tuesday, said he could feel the increasing political tension and hatred everyday. Once, when he visited a conservative town in central South Korea, people who recognized him tried to chase him out, threatening him with knives and sickles.“You see a lot of anger, vilification, character assassination and demonizing,” Mr. Jin said. “I am not sure whether rational debate on issues and ideologies is possible anymore.”Rep. Kwon Chil-seung, center, a senior spokesman for the opposition Democratic Party, gives an update on Mr. Lee’s condition in Seoul on Wednesday.Yonhap/EPA, via ShutterstockOn Wednesday, Mr. Yoon wished Mr. Lee a quick recovery, calling attacks against politicians “an enemy of free democracy.” His government ordered beefed-up public security for politicians.But analysts saw little chance of political polarization easing anytime soon as the rival parties geared up for parliamentary elections in April. Social media, especially YouTube, has become so influential as a channel of spreading news and shaping public opinion that politicians said they found themselves beholden to populist demands from activist YouTubers who were widely accused of stoking fear and hatred.Both Mr. Yoon and Mr. Lee have fervent online supporters who often resort to whipping up insults, conspiracy theories and even thinly veiled death threats against their foes.“Hate has become a daily norm” in South Korean politics, said Mr. Park, the head of MIN Consulting. “Politicians must face the reality that similar things can happen again,” he said, referring to the knife attack against Mr. Lee. More
While the former president’s name appeared nowhere in the communique issued by three leaders, one of the subtexts was the possibility that he could return to power in next year’s election and disrupt ties with America’s two closest allies in the Indo-Pacific region.The new three-way security pact sealed by President Biden and the leaders of Japan and South Korea at Camp David on Friday was forged with threats by China and North Korea in mind. But there was one other possible factor driving the diplomatic breakthrough: Donald J. Trump.While the former president’s name appeared nowhere in the “Camp David Principles” that the leaders issued at the presidential retreat, one of the subtexts was the possibility that he could return to power in next year’s election and disrupt ties with America’s two closest allies in the Indo-Pacific region.Both Japan and South Korea struggled for four years as Mr. Trump threatened to scale back longstanding U.S. security and economic commitments while wooing China, North Korea and Russia. In formalizing a three-way alliance that had long eluded the United States, Mr. Biden and his counterparts hoped to lock in a strategic architecture that will endure regardless of who is in the White House next.“This is not about a day, a week or month,” Mr. Biden said at a joint news conference with Prime Minister Fumio Kishida of Japan and President Yoon Suk Yeol of South Korea. “This is about decades and decades of relationships that we’re building.” The goal, he added, was to “lay in place a long-term structure for a relationship that will last.”Asked by a reporter why Asia should be confident about American assurances given Mr. Trump’s campaign to recapture the presidency on a so-called America First platform, Mr. Biden offered a testimonial to the value of alliances in guaranteeing the nation’s security in dangerous times.“There’s not much, if anything, I agree on with my predecessor on foreign policy,” Mr. Biden said, adding that “walking away from the rest of the world leaves us weaker, not stronger. America is strong with our allies and our alliances and that’s why we will endure.”The meeting at the getaway in the Catoctin Mountains of Maryland was a milestone in Mr. Biden’s efforts to stitch together a network of partnerships to counter Chinese aggression in the region. While the United States has long been close to Japan and South Korea individually, the two Asian powers have nursed generations of grievances that kept them at a distance from one another.The alignment at Camp David was made possible by Mr. Yoon’s decision to try to put the past behind the two countries. His rapprochement with Tokyo has not been universally popular at home with a public that harbors long memories of the Japanese occupation in the first half of the 20th century, but both sides made clear they are dedicated to a fresh start.“That’s a long, bitter colonial wound that President Yoon has to jump over, and Kishida as well,” said Orville Schell, director of the Center on U.S.-China Relations at the Asia Society. “That I think is a consonant expression of the degree to which China’s rather belligerent, punitive behavior has driven together allies, partners and friends within Asia.”Mr. Biden hoped to capitalize on that by bringing the Japanese and South Korean leaders together for the first stand-alone meeting between the three nations that was not on the sidelines of a larger international summit. He repeatedly praised Mr. Yoon and Mr. Kishida for “the political courage” they were demonstrating.He chose the resonant setting of Camp David for the talks to emphasize the importance he attaches to the initiative, inviting the leaders to the storied retreat that has been the site of momentous events over the decades, including most memorably Jimmy Carter’s 13-day negotiation in 1978 brokering peace between Israel and Egypt.“This is a big deal,” Mr. Biden said, noting that it was the first time he had invited foreign leaders to the camp since taking office. “This is a historic meeting.”The others echoed the sentiments. “Today will be remembered as a historic day,” Mr. Yoon said. Mr. Kishida agreed, saying the fact that the three could get together “means that we are indeed making a new history as of today.”A stronger collaboration with Japan and South Korea could be a significant pillar in Mr. Biden’s strategy to counter China.Samuel Corum for The New York TimesThe leaders agreed to establish a three-way hotline for crisis communications, enhance ballistic missile cooperation and expand joint military exercises. They issued a written “commitment to consult” in which they resolved “to coordinate our responses to regional challenges, provocations, and threats affecting our collective interests and security.”The commitment is not as far-reaching as NATO’s mutual security pact, which deems an attack on one member to be an attack on all, nor does it go as far as the defense treaties that the United States has separately with Japan and South Korea. But it cements the idea that the three powers share a special bond and expect to coordinate strategies where possible.China has derided the idea of a “mini-NATO” in Asia, accusing Washington of being provocative, but aides to Mr. Biden stressed the difference from the Atlantic alliance. “It’s explicitly not a NATO for the Pacific,” said Jake Sullivan, the national security adviser.Mr. Biden and his aides maintained that the collaboration sealed at Camp David should not be seen as aimed at China or any other country. “This summit was not about China. This was not the purpose,” the president said. “But obviously China came up.” Instead, he said, “this summit was really about our relationship with each other and defining cooperation across an entire range of issues.”Still, no one had any doubt about the context against which the meeting was taking place. The Camp David Principles issued by the leaders did not directly mention China, but it did “reaffirm the importance of peace and stability across the Taiwan Strait,” a warning against aggressive military actions by Beijing.The documents released were more explicit about nuclear-armed North Korea and the joint efforts they will take to counter its military, cyber and cryptocurrency money laundering threats.Looming in the backdrop was Mr. Trump, whose mercurial actions and bursts of hostility while president flummoxed Japanese and South Korean leaders accustomed to more stable interactions with Washington.At various points, he threatened to withdraw from the U.S. defense treaty with Japan and to pull all American troops out of South Korea. He abruptly canceled joint military exercises with South Korea at the request of North Korea and told interviewers after leaving office that if he had a second term he would force Seoul to pay billions of dollars to maintain the United States military presence.The summit at Camp David was aimed at ending decades of friction between the two Asian countries.Samuel Corum for The New York TimesThe Asian leaders hope that the three-way accord fashioned by Mr. Biden will help avoid wild swings in the future. The president and his guests sought to institutionalize their new collaboration by committing to annual three-way meetings in the future by whoever holds their offices.“There’s definitely risk-hedging when it comes to political leadership,” said Shihoko Goto, acting director of the Asia program at the Woodrow Wilson International Center for Scholars.”By deepening the cooperation below the leader level through various new mechanisms, she said, the governments may be able to maintain functional ties even if a volatile president occupies the White House.“If a new U.S. president were to avoid going to international conferences or had no interest in engaging, the trilateral institutionalization of ties should be strong enough so that working relations between the three countries would continue,” she said. “So it won’t matter if a president didn’t show up since the working-level military or economic cooperation would be well-established.”It is not the first time allies have questioned the United States’ commitment to its partners. Despite Mr. Biden’s promise at the NATO summit last month that Washington would “not waver” in its support for Ukraine and western allies, some leaders openly asked whether the U.S. foreign policy agenda would be upended by the outcome of the next election.Ukraine needed to make military progress more or less “by the end of this year” because of the coming elections in the United States, President Petr Pavel of the Czech Republic warned on the first day of the summit.Mr. Biden in Finland was also asked about whether the U.S. support of NATO would endure. “No one can guarantee the future, but this is the best bet anyone could make,” Mr. Biden said then.At Camp David on Friday, neither Mr. Yoon nor Mr. Kishida mentioned Mr. Trump directly in their public comments, but they seemed intent on ensuring that their agreement persists beyond their tenures. Mr. Yoon said the nations were focused on building an alliance that could last for years to come. The three nations will hold a “global leadership youth summit to strengthen ties between our future generations,” he said.Endurance was a running theme throughout the day. “We’re opening a new era,” Mr. Sullivan told reporters shortly before the meetings opened, “and we’re making sure that era has staying power.”Ana Swanson More
