The China Mail - South Korea: Yoon Suk Yeol shocks Nation

USD -
AED 3.673005
AFN 71.633316
ALL 90.514467
AMD 390.65139
ANG 1.790208
AOA 915.999764
ARS 1073.465799
AUD 1.65714
AWG 1.8
AZN 1.700836
BAM 1.785401
BBD 2.019937
BDT 121.550441
BGN 1.785075
BHD 0.376754
BIF 2973.60337
BMD 1
BND 1.347806
BOB 6.928063
BRL 5.875698
BSD 1.000438
BTN 85.886692
BWP 14.071636
BYN 3.273951
BYR 19600
BZD 2.009521
CAD 1.42773
CDF 2872.999986
CHF 0.855098
CLF 0.025537
CLP 979.971335
CNY 7.28155
CNH 7.32063
COP 4181.71
CRC 507.659163
CUC 1
CUP 26.5
CVE 100.658183
CZK 22.971007
DJF 178.152473
DKK 6.80587
DOP 62.916507
DZD 133.749023
EGP 51.414001
ERN 15
ETB 132.431441
EUR 0.911835
FJD 2.33325
FKP 0.774458
GBP 0.78036
GEL 2.750018
GGP 0.774458
GHS 15.452654
GIP 0.774458
GMD 71.461814
GNF 8678.171978
GTQ 7.716396
GYD 210.180705
HKD 7.768595
HNL 25.664557
HRK 6.874494
HTG 132.979117
HUF 370.361432
IDR 16564.219442
ILS 3.78457
IMP 0.774458
INR 85.509498
IQD 1310.323621
IRR 42002.601119
ISK 132.195716
JEP 0.774458
JMD 157.23621
JOD 0.708982
JPY 146.443502
KES 129.479403
KGS 86.768703
KHR 3998.590514
KMF 449.018129
KPW 900
KRW 1459.452089
KWD 0.307805
KYD 0.820006
KZT 509.574919
LAK 21651.680698
LBP 90271.085203
LKR 295.427831
LRD 199.886597
LSL 19.092298
LTL 2.95274
LVL 0.60489
LYD 4.834961
MAD 9.536033
MDL 17.531802
MGA 4651.707636
MKD 56.07975
MMK 2099.820881
MNT 3508.612
MOP 8.007644
MRU 39.915707
MUR 44.569601
MVR 15.459708
MWK 1733.371401
MXN 20.6776
MYR 4.436766
MZN 63.616338
NAD 19.092298
NGN 1529.461127
NIO 36.624561
NOK 10.903425
NPR 136.879329
NZD 1.791858
OMR 0.384998
PAB 1
PEN 3.678499
PGK 4.09838
PHP 57.408042
PKR 280.344053
PLN 3.889526
PYG 8053.790242
QAR 3.63979
RON 4.543598
RSD 106.910099
RUB 84.501385
RWF 1410.241694
SAR 3.749796
SBD 8.499799
SCR 14.818833
SDG 598.970435
SEK 10.100975
SGD 1.345922
SHP 0.785843
SLE 22.749817
SLL 20969.501083
SOS 569.536574
SRD 36.514556
STD 20697.981008
SVC 8.750208
SYP 13001.844432
SZL 19.092298
THB 34.326544
TJS 10.894584
TMT 3.49741
TND 3.056507
TOP 2.404412
TRY 38.011085
TTD 6.730946
TWD 33.205802
TZS 2665.572985
UAH 41.467776
UGX 3656.587596
UYU 42.236311
UZS 12920.507366
VES 71.363877
VND 25782.587407
VUV 122.117563
WST 2.799576
XAF 598.690839
XAG 0.033317
XAU 0.00033
XCD 2.7
XDR 0.746748
XOF 598.690839
XPF 108.913878
YER 245.471684
ZAR 19.39803
ZMK 9001.201138
ZMW 27.90088
ZWL 321.999592
  • RYCEF

    0.1800

    8.43

    +2.14%

  • CMSC

    0.0720

    22.362

    +0.32%

  • RBGPF

    1.0200

    69.02

    +1.48%

  • BP

    -1.8100

    26.57

    -6.81%

  • AZN

    -3.9700

    64.49

    -6.16%

  • BTI

    -0.9550

    38.905

    -2.45%

  • RELX

    -2.8500

    45.31

    -6.29%

  • GSK

    -2.0100

    34.52

    -5.82%

  • VOD

    -0.1400

    8.36

    -1.67%

  • SCS

    -0.4400

    10.14

    -4.34%

  • RIO

    -0.6100

    54.06

    -1.13%

  • BCE

    -0.9900

    21.72

    -4.56%

  • CMSD

    -0.2900

    22.54

    -1.29%

  • JRI

    -0.4600

    11.5

    -4%

  • BCC

    -3.7750

    91.665

    -4.12%

  • NGG

    -3.2330

    62.697

    -5.16%


South Korea: Yoon Suk Yeol shocks Nation




South Korea in Crisis: President Yoon Suk Yeol's Coup Shakes the Nation

In a stunning and unprecedented move, South Korean President Yoon Suk Yeol has attempted to seize absolute power, plunging the nation into political chaos. On the night of December 3, President Yoon declared martial law, suspended the National Assembly, and deployed soldiers to surround its premises, effectively paralysing the country’s democratic institutions. The world is watching in shock as one of Asia’s most stable democracies faces an uncertain future.

The Coup: A Nation in Shock
The events unfolded rapidly on a cold December night, leaving South Koreans and the international community reeling. President Yoon cited national security threats and alleged internal dissent as justification for his actions, but critics are calling it a blatant power grab. By suspending the National Assembly—South Korea’s legislative body—Yoon has undermined the very foundation of the nation’s democratic system.

Eyewitnesses reported heavy military presence in the capital, Seoul, as soldiers and armoured vehicles took positions near government buildings. Communication networks were temporarily disrupted, adding to the confusion. The swift and calculated nature of the coup suggests months of planning, raising questions about who within the government and military may have supported the move.

Immediate Reactions: Outrage and Resistance
The coup has sparked widespread outrage among South Koreans. Protesters took to the streets in major cities, waving banners and chanting slogans calling for Yoon’s resignation. Opposition leaders condemned the move as a betrayal of the democratic values South Korea has upheld since its transition from military rule in the 1980s.

International leaders, including the US-President Joe Biden who is still in office until 20 January 2025 and Japanese Prime Minister Fumio Kishida, have expressed grave concern. The United Nations has called for an emergency session to address the situation, while human rights organisations warn of potential crackdowns on dissent.

What Led to This Crisis?
President Yoon’s tenure has been marked by polarising leadership and a growing divide between conservatives and progressives. Critics argue that his administration’s inability to address pressing economic challenges, such as rising housing costs and youth unemployment, eroded public trust. Yoon’s approval ratings had plummeted in recent months, and his administration faced mounting scrutiny over alleged corruption scandals.

While Yoon’s justification for the coup includes vague references to national security threats, experts believe the move was motivated by a desire to cling to power amidst growing opposition. Some speculate that internal disagreements within his party and the prospect of impeachment may have pushed Yoon to take drastic action.

The Role of the Military
The military’s involvement in the coup is particularly troubling for a country with a history of authoritarian rule. South Korea transitioned to a democracy in 1987 after decades of military dictatorship, and the armed forces have since remained apolitical. Yoon’s ability to mobilise the military raises questions about divisions within the armed forces and whether dissenting voices exist among its ranks.

Should significant portions of the military oppose Yoon’s actions, the possibility of a counter-coup or internal conflict could further destabilise the nation.

Implications for South Korea’s Future
The attempted coup casts a shadow over South Korea’s hard-earned reputation as a thriving democracy. Its political stability and economic strength have made it a key player in the global arena, but this crisis threatens to derail decades of progress.

Domestically, the suspension of democratic institutions could lead to widespread unrest, civil disobedience, and a protracted power struggle. Economically, investor confidence is likely to plummet, jeopardising South Korea’s status as a global technology and trade hub.

On the international stage, the coup could strain alliances, particularly with the United States, which has long regarded South Korea as a crucial ally in countering North Korea and maintaining regional stability. China and North Korea, meanwhile, may view the situation as an opportunity to exploit South Korea’s weakened state.

The Road Ahead: Democracy or Dictatorship?
The fate of South Korea now hinges on the response of its citizens, political leaders, and international allies. Opposition parties have called for immediate action to restore democracy, including mass protests and legal challenges. Meanwhile, world leaders face the delicate task of pressuring Yoon’s government while avoiding escalation.

The unfolding crisis serves as a stark reminder that even the most established democracies are not immune to authoritarian tendencies. For South Korea, the road ahead is fraught with uncertainty, but its people have shown resilience before. Whether the nation emerges from this crisis as a stronger democracy or succumbs to authoritarian rule will shape its future—and its place in the world—for generations to come.