Political turmoil over impeached President Yoon Suk Yeol, who failed a martial law attempt in December, and sluggish domestic demand weighed on Asia’s fourth-largest economy.

South Korea’s impeached president, Yoon Suk Yeol, has been formally arrested, days after being apprehended at his presidential compound in Seoul.

South Korea’s impeached president denied that he had ordered the military to drag out lawmakers at the National Assembly to prevent them from voting down his martial law decree last month, as he appeared for the first time at a hearing of the Constitutional Court that is to determine his fate.

Upbit and Bithumb, South Korea’s biggest crypto exchanges, to pay customers $2.4m in compensation for outages during Dec 3 martial law chaos.

South Korea's economy expanded at a weaker-than-expected pace of 2.0% in 2024 after lackluster growth in the fourth quarter amid weak consumer and business spending, bolstering the case for the central bank's another rate cut next month.

South Korea's impeached President Yoon Suk Yeol was formally arrested early on Sunday, days after being apprehended at his presidential compound in Seoul. He faces possible imprisonment over his ill-fated declaration of martial law last month.

South Korean President Yoon Suk Yeol is due to attend on Tuesday a Constitutional Court hearing of his impeachment trial where the detained leader may get a chance to argue his case or answer questions over his short-lived bid to impose martial law.

South Korean President Yoon Suk Yeol attended on Tuesday a Constitutional Court hearing of his impeachment trial where he denied ordering military commanders to drag lawmakers out of parliament during his short-lived bid to impose martial law.

In an unprecedented turn of events, South Korea faced a brief but chaotic declaration of martial law under President Yoon Suk-yeol. The late-night announcement disrupted the nation, citing threats to democracy and national security,

Hours after South Korea’s impeached President Yoon Suk Yeol was formally arrested, triggering rioting by his supporters, his lawyers said Sunday that he remains defiant in his refusal to answer questions over the probe into his declaration of martial law last month.

South Korea’s impeached president, Yoon Suk-yeol, languishing in jail following his short-lived attempt to impose martial law, can take comfort in the resurgence of his conservative adherents in the wake of the leftist drive to have him ousted, imprisoned, and possibly executed.