-
6 days ago | 
bloomberg.com | Catherine Bosley |Shinhye Kang
Volatility in the won spiked to its highest since the US presidential election in November. (Bloomberg) -- South Korea plans to more than double the amount of overseas bonds it can issue to fund currency market activity to $3.5 billion, with officials citing the need to respond to sharp fluctuations. The revised issuance ceiling is part of a 12.2 trillion won additional budget aimed at supporting the flagging export-oriented economy now faced with US tariffs.
-
2 weeks ago | 
bloomberg.com | Shinhye Kang |Soo-hyang Choi
South Korea ranks as the third-biggest vehicle exporter to the US, behind Mexico and Japan. (Bloomberg) -- South Korea unveiled a package of emergency funding worth 3 trillion won ($2 billion) for its automobile industry to soften the blow from US President Donald Trump’s tariffs. The package will increase the low-cost financing made available to the industry by state-run lenders and agencies by about 15% to 15 trillion won.
-
2 weeks ago | 
bloomberglinea.com | Soo-hyang Choi |Shinhye Kang
Bloomberg — Corea del Sur ha fijado el 3 de junio como fecha provisional para las próximas elecciones presidenciales, informó el lunes la agencia de noticias Yonhap, citando a un funcionario del gobierno no identificado.
-
2 weeks ago | 
bloomberg.com | Soo-hyang Choi |Shinhye Kang
South Korea has set June 3 as the tentative date for the next presidential election, Yonhap News reportedBloomberg Terminal on Monday, citing an unidentified government official. The election was triggered after the Constitutional Court Friday unanimously decided to removeBloomberg Terminal Yoon Suk Yeol as the country’s president for violating the constitution with his Dec. 3 martial law decree. South Korea must hold an election within 60 days after an incumbent president is ousted, under the law.
-
3 weeks ago | 
bloomberg.com | Catherine Bosley |Shinhye Kang
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
-
1 month ago | 
thebrunswicknews.com | Soo-hyang Choi |Shinhye Kang
A South Korean court has overturned Prime Minister Han Duck-soo's impeachment, reinstating him as the acting leader as the country waits for a separate verdict on President Yoon Suk Yeol's political fate. The Constitutional Court ruled in Han's favor on Monday, with only one of the eight judges voting against restoring him to office. An impeachment requires at least six votes to pass. Han takes over the role of acting president from Finance Minister Choi Sang-mok.
-
1 month ago | 
swoknews.com | Soo-hyang Choi |Shinhye Kang
A South Korean court has overturned Prime Minister Han Duck-soo’s impeachment, reinstating him as the acting leader as the country waits for a separate verdict on President Yoon Suk Yeol’s political fate. The Constitutional Court ruled in Han’s favor on Monday, with only one of the eight judges voting against restoring him to office. An impeachment requires at least six votes to pass. Han takes over the role of acting president from Finance Minister Choi Sang-mok.
-
1 month ago | 
star-telegram.com | Soo-hyang Choi |Shinhye Kang
South Korea’s ruling People Power Party lawmakers (bottom) argue to National Assembly Speaker Woo Won-shik (top) during the plenary session for the impeachment vote of acting president Han Duck-soo at the National Assembly in Seoul on Dec. 27, 2024.
-
1 month ago | 
bloomberg.com | Shinhye Kang |Seyoon Kim
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
-
1 month ago | 
yahoo.com | Shinhye Kang |Seyoon Kim
(Bloomberg) -- South Korea is ramping up security to deal with potentially violent protests as it prepares for a ruling by the Constitutional Court on whether to permanently dismiss impeached President Yoon Suk Yeol. Most Read from BloombergAuthorities will clear an area around the court and impose a no-fly zone above it as they seek to avoid trouble breaking out on the day of the decision. Schools nearby will be closed and employees at nearby companies encouraged to work from home.
