South Korea's acting president, Han Duck-soo, moved quickly on Sunday to reassure allies and stabilize markets, pledging continuity in governance and security following President Yoon Suk Yeol's impeachment over a controversial martial law declaration.
South Korea's acting president, Han Duck-soo, moved swiftly on Sunday to reassure allies and calm financial markets following the impeachment of President Yoon Suk Yeol over a controversial martial law declaration. Speaking with U.S. President Joe Biden, Han emphasized continuity in foreign and security policies, underscoring the steadfastness of the South Korea-U.S. alliance.
The Democratic Party, which controls parliament, announced it would not seek Han's impeachment despite his connection to Yoon's martial law decision, citing the need to avoid further governance instability. As acting president, Han pledged to maintain military readiness and uphold national security.
Protests erupted in Seoul, with around 200,000 people demonstrating outside the National Assembly to support Yoon’s ouster, while smaller groups gathered in central Seoul to voice opposition to the impeachment. Public sentiment remains deeply divided, with critics accusing Yoon of undermining democracy and supporters lamenting political chaos.
The impeachment has drawn international attention amid rising tensions with North Korea. Biden reaffirmed U.S. support, praising South Korea's democratic resilience and emphasizing the importance of the alliance in maintaining Indo-Pacific stability.
Financial markets have reacted cautiously, with South Korean shares rising on hopes of political stabilization. The Constitutional Court now has six months to decide Yoon’s fate. If removed, new elections must be held within 60 days, leaving the country in a protracted period of uncertainty.
In the meantime, Han’s administration faces economic challenges, including sluggish domestic demand and a political deadlock over the national budget. Democratic Party leader Lee Jae-myung called for a supplementary budget and a National Stability Council to address economic concerns, including support for small businesses and energy infrastructure investment.
The unfolding political crisis has tested South Korea’s institutions, with acting President Han seen as a steadying figure. However, the coming months will determine whether the nation can navigate these challenges while maintaining stability at home and abroad.
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The U.S. and South Korea revealed the details of a significant trade agreement on Friday, which includes a $150 billion investment from South Korea in the American shipbuilding sector and an additional $200 billion to be allocated across various industrial sectors.
Two weeks after U.S. President Donald Trump and South Korea's Lee Jae Myung met and announced they had resolved months of negotiations over tariffs and security issues, the two sides have yet to release any formal agreement.
China says it will make adjustments to the catalogue of drug-related precursor chemicals and will require licences for export of certain chemicals to the U.S., Canada and Mexico.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
On Monday (24 November), the U.S. formally designated Venezuela’s “Cartel de los Soles” as a foreign terrorist organisation and imposed additional terrorism-related sanctions on its members, including President Nicolás Maduro and other senior officials.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
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Beijing on Tuesday denied claims that it “detained or harassed” a resident from the disputed India-China border region at Shanghai airport, while reaffirming its claim over Arunachal Pradesh, which China refers to as Zangnan.
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British Prime Minister Keir Starmer said on Tuesday that Ukraine needs “more support now” and confirmed that the UK will send additional air defence missiles in the coming weeks.
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