On December 3, 2024, President Yoon Suk Yeol declared martial law at 22:23, marking an unprecedented challenge to South Korea’s democratic institutions. Within six hours, the National Assembly unanimously rejected his order, revealing deep political tensions and pushing South Korea’s …
Yoon Suk YeolSouth Korean National AssemblySouth Korean protestersDemocratic Party (DPK)south-koreamartial-lawdemocratic-crisisimpeachmentpolitical-instability
On December 3, 2024, South Korean President Yoon Suk Yeol declared martial law at 11 PM, a shocking move that lasted only six hours before being unanimously rejected by the National Assembly. Claiming to protect against ‘anti-state forces’, Yoon’s decree was widely seen as an …
Yoon Suk YeolSouth Korean National AssemblySouth Korean protestersHan Dong-hoonKim Yong Hyunsouth-koreamartial-lawimpeachmentdemocratic-crisisauthoritarian-attempt
The International Monetary Fund implements a 7 billion bailout package for South Korea, mandating sweeping economic reforms. This included forced corporate restructuring of the chaebol system, financial sector liberalization, and opening markets to foreign investors. The conditions resulted in …
International Monetary FundSouth Korean GovernmentChaebol CorporationsWorld BankAsian Development Bankimfstructural-adjustmenteconomic-shock-therapyasian-financial-crisissouth-korea+2 more