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Search resuls for: "impeaching Yoon"


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SEOUL, South Korea — The head of South Korean President Yoon Suk Yeol’s governing party on Friday signaled more openness to his removal as president for plunging the key U.S. ally into chaos with a short-lived declaration of martial law, reversing his position the day before an impeachment vote. Han Dong-hoon, leader of the conservative People Power Party (PPP), had earlier said he opposed impeaching Yoon because it would only create more turmoil. The PPP, which repudiated Yoon’s martial law declaration, had asked him to leave the party but said earlier that it opposed the impeachment motion. Six opposition parties had proposed impeaching Yoon over the martial law order, which banned political activity and censored the media. Blinken also reaffirmed the “ironclad” nature of the U.S. alliance with South Korea, which it views as an important bulwark against North Korea, China and Russia, and which hosts almost 30,000 American troops.
Persons: Yoon Suk, Han Dong, impeaching Yoon, Yoon, ” Han, Han, , Kim Yong, Lee Sang, ” Lee Jae, myung, Kim Seon, , Kwak Jong, Cho Tae, yul, Antony Blinken, Yonhap, Blinken, Kwak, Stella Kim, Jennifer Jett Organizations: South, People Power Party, PPP, South Korean, Democratic Party, Ministry of Defense, Getty, ROK, State Department, U.S, Korea Nuclear Consultative Group, National, Commission Locations: SEOUL, South Korea, Seoul, AFP, Republic of Korea, U.S, North Korea, China, Russia, Korea, Washington, South Korea’s, Hong Kong
Euro notes are pictured at a bank in this photo illustration taken in Seoul June 18, 2012. The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while the South Korean won steadied in the aftermath of the martial law debacle. In a parliamentary hearing on Wednesday, Lagarde said euro zone economic growth could be weaker in the months ahead and downside risks dominate the medium term outlook. In Asia, the South Korean won was stable as the nation's finance ministry said that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization funds after the chaos that followed President Yoon Suk Yeol declaring and then rescinding martial law. The won remains near its two-year low versus the dollar and is the worst performing Asian currency this year.
Persons: stoking, Charlotte de Montpellier, Christine Lagarde, Lagarde, Donald Trump's, Yoon Suk Yeol, Yoon, Jerome Powell, Powell, Sterling Organizations: South Korean, ING, European Central Bank, ECB, Bank of, Federal Locations: Seoul, France, Asia, Bank of Japan, United States
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