header logo
Asia asset finance
Mogo Academy
Latest
South Korea President declares emergency martial law
Dec 03, 202408:03 PM
South Korea President declares emergency martial law
Mobitel Inner

South Korean President Yoon Suk Yeol on Tuesday declared martial law in an unannounced late night address broadcast live on YTN television, claiming he would eradicate “shameless pro-North Korean anti-state forces”.

 

He did not cite any specific threat from the nuclear-armed North, however, instead focusing on his domestic political opponents.

 

The surprise move sent shockwaves through the country, which had a series of authoritarian leaders early in its history but has been considered democratic since the 1980s. The Korean won was down sharply against the U.S. dollar.

 

The White House did not immediately respond to a request for comment.

 

Yoon said he had no choice but to resort to such a measure in order to safeguard free and constitutional order, saying opposition parties have taken hostage of the parliamentary process to throw the country into a crisis.

 

“I declare martial law to protect the free Republic of Korea from the threat of North Korean communist forces, to eradicate the despicable pro-North Korean anti-state forces that are plundering the freedom and happiness of our people, and to protect the free constitutional order,” Yoon said.

 

He did not say in the address what specific measures will be taken. Yonhap news agency reported that the entrance to the parliament building was blocked.

 

“Tanks, armored personnel carriers, and soldiers with guns and knives will rule the country,” Lee Jae-myung, leader of the opposition Democratic Party, which has the majority in parliament, said in a livestream online. “The economy of the Republic of Korea will collapse irretrievably. My fellow citizens, please come to the National Assembly.”

 

Yoon cited a motion by the country’s opposition Democratic Party, which has a majority in parliament, this week to impeach some of the country’s top prosecutors and its rejection of a government budget proposal.

 

South Korea’s ministers on Monday protested the move by opposition DP last week to slash more than 4 trillion won from the government’s budget proposal. Yoon said that action undermines the essential functioning of government administration.

 

Source: Reuters
--Agencies 

 

 

 

MostRead
Mobitel Upahara
VideoStories
 Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

32 dengue related deaths reported this year : Public not taking situation seriously

32 dengue related deaths reported this year : Public not taking situation seriously

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

 Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

President’s recent speech made no reference to actual concerns – MP Dilith

President’s recent speech made no reference to actual concerns – MP Dilith

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

Colombo EV Motor Show 2026 officially inaugurated

Colombo EV Motor Show 2026 officially inaugurated

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Lassana Flora