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☆ The 10 best cities in Asia for expats
▼ + stars: | 2024-12-04 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

AdvertisementMercer's Quality of Living City Ranking 2024 looks at factors such as political stability and healthcare. Mercer, a human resource consulting service, recently released its yearly Quality of Living City Ranking, which ranks 241 cities across five continents. Although many European cities were featured high on the list, with Zurich maintaining its top spot, 12 Asian cities made the top 100 this year. Tokyo, Japan (56th)Shibuya crossing in Tokyo, Japan. Caroline Pang/Getty ImagesSingapore, a small island nation in Southeast Asia, was ranked the highest among Asian cities on the list.

Persons: Mercer, Abu Dhabi, Didier Marti, Expats, Abu, Alex Teachey, I'd, Constantine Johnny, Kiran Ali, George Hammerstein, Kaitlyn Cheung, Taro Hama, Marco Bottigelli, It's Japan's, Grace Cheng, Alicia Erickson, David McElhinney, —, Caroline Pang, Nick Burns Organizations: Living, United, United Arab Emirates, Abu Dhabi, Dubai, Getty Images Taipei, New Yorker, Dubai Statistics Center, Expats, Getty, Yokohama Station, Recruit Co, Getty Images Locations: Singapore, Asia, Zurich, Abu Dhabi, United Arab, UAE, Munich, Taipei, Taiwan, New, New York City, Dubai, Burj, Seoul, South Korea, Busan, Hong Kong, California, Nagoya, Japan, Kyoto, Tokyo, Taro, kamakura, Japan's Aichi Prefecture, Osaka, Kobe, Yokohama, Greater Tokyo, Atlanta, Getty Images Singapore, Southeast Asia, San Francisco

☆ CNBC Daily Open: U.S. stocks start December chilly; Korea stocks tumble on political chaos
▼ + stars: | 2024-12-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article .AXJO.SPX.DJI.IXICAAPL Follow your favorite stocks CREATE FREE ACCOUNTThe Fearless Girl statue outside the New York Stock Exchange on December 18, 2020 in New York City. Noam Galai | Getty Images Entertainment | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineDecember may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly. Moreover, in presidential election years, December typically moves up one notch to become the second-best month for stocks.

Persons: Noam Galai, Mariah Carey, Bob Pisani, George Smith, Ken Mahoney, Sarah Min, Hakyung Kim, Sean Conlon, Lisa Kailai Han, Alex Harring Organizations: New York Stock Exchange, Getty, CNBC, Dow Jones, Nasdaq, Apple, LPL, Asset Management, U.S . Federal Locations: New York City, U.S .

☆ There is a legal pathway to pursue Korean President Yoon's impeachment
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a legal pathway for Korea's National Assembly to pursue President Yoon's impeachment: CEIPDarcie Draudt of the Carnegie Endowment for International Peace says that the political pressure on South Korea's President Yoon Suk Yeol is going to be "unsurvivable", and she expects there to be an interim government ahead of a potential snap election in the spring.

Persons: Yoon's, CEIP, Yoon Suk Organizations: National Assembly, Carnegie Endowment, International

☆ South Korea's largest labor union launches an indefinite strike and calls for the president's resignation
▼ + stars: | 2024-12-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementSouth Korea's largest labor union has issued an indefinite general strike. The call went out to its 1.1M members after South Korea's president declared martial law. South Korea's largest labor union launched an indefinite general strike late on Tuesday, calling for the country's embattled president to resign after he declared martial law. The decree, which suspended civilian government functions and established temporary military control, was South Korea's first declaration of martial law since the country's democratization in 1987. AdvertisementMeanwhile, South Korea's former foreign minister, Kang Kyung-hwa, told CNN that the president's move and the way it was handled was "completely unacceptable" and an "aberration."

Persons: Kim Jong, Yoon Suk Yeol, South Korea's, Yoon, Andrew Minjun, Kang Kyung, Robert E, Kelly, India's, he'll Organizations: South, Korean, of Trade Unions, South Korean, Korean Confederation of Trade Union, Seoul National University, CNN, Associated Press, Pusan National University Locations: South, North Korea

☆ South Korea's political turmoil adds to 'troublesome' long-term trajectory, says Eurasia analyst
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea's political turmoil adds to 'troublesome' long-term trajectory, says Eurasia analystJeremy Chan, senior analyst for China and Northeast Asia at Eurasia Group, says that South Korean President Yoon's term is in peril, and the long-term trajectory of South Korea looks troublesome.

Persons: Jeremy Chan, Yoon's Organizations: Eurasia Group, South Locations: Eurasia, China, Northeast Asia, Korea

☆ Protesters say South Korea martial law shows ‘how easily democracy can be threatened’
▼ + stars: | 2024-12-04 | by ( Helen Regan | Eunseo Jeong | ) edition.cnn.com time to read: +5 min

“Martial law was something I felt deeply and personally. “It is a painful reminder of how easily democracy can be threatened.”It’s a message that appears to have resonated even with those who have only known democracy in South Korea. Protesters taking part in a march against South Korea President Yoon Suk Yeol head toward the Presidential Office in Seoul on December 4, 2024. People protesting against South Korean president Yoon Suk Yeol chant slogans as they attend a candlelight rally outside the National Assembly Building, in Seoul, South Korea, on 04 December, 2024. ⁠”Although there is some relief after the martial law was lifted, there is still concern that it could be re-declared,”“That’s why I am here,” she said.

Persons: Yoon Suk Yeol, shockwaves, Asia’s, ”, Yoon Suk, Kim Hong, Chun, “, Philip Fong, there’s, Daniel Ceng, Yoon, ⁠ Organizations: Seoul CNN, Hall, CNN, South, Reuters, Seoul City Hall, “, National Assembly, Protesters, South Korea, Getty, National, Democratic Party Locations: Seoul, South Korea, South Korean, Paju, Gyeonggi Province, North Korea, Gwangju, AFP, Anadolu

☆ South Korean parliament introduces motion to impeach President Yoon
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

South Korean lawmakers submit a impeachment motion of South Korean President Yoon Suk Yeol at the National Assembly in Seoul, South Korea, December 4, 2024. South Korea's parliament on Thursday formally introduced a motion to impeach Yoon Suk Yeol, setting the stage for a historic vote which could oust the embattled president over a botched attempt to imposemartial law. The impeachment motion against Yoon was reported to a plenary session that opened shortly after midnight on Thursday. Following the introduction of the motion, a vote on impeachment must be heldwithin 24 to 72 hours.

Persons: Yoon Suk, Yoon Organizations: National Assembly Locations: Seoul, South Korea, Korea's

☆ South Korea political turmoil: 'The story is really about the Korean won,' says Mizuho Americas
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea political turmoil: 'The story is really about the Korean won,' says Mizuho AmericasFarzin Azarm of Mizuho Americas says a weaker Korean won would impact major companies like SK Hynix and Samsung.

Organizations: Korean, Mizuho, Farzin, SK Hynix, Samsung Locations: Korea, Mizuho Americas, Korean

☆ South Korean president Yoon likely to be gone within weeks, says analyst
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean president Yoon likely to be gone within weeks, says analystJeremy Chan, a senior analyst at Eurasia Group, discusses the declaration of martial law in South Korea and the upcoming consequences for the president.

Persons: Yoon, Jeremy Chan Organizations: South, Eurasia Group Locations: South Korea

☆ As global defense spending surges, South Korean arms makers look like a clear winner
▼ + stars: | 2024-12-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

Now, a new facet from South Korea is poised to make a splash in investors' portfolios — defense stocks. Sang Hun Seok, who is an Indo-Pacific visiting fellow at the Royal United Services Institute, a U.K.-based policy think tank, explained to CNBC that a steady increase in global expenditure, combined with growing geopolitical uncertainties has provided South Korean arms makers with larger global markets. Chosun Ilbo said that just four countries were importing South Korean arms in 2022, but this number rose to 12 in 2023. The appetite for South Korean arms can be explained by the mantra of "cheaper, better, faster." RUSI's Seok said simply: "South Korean exports are highly cost-efficient."

Persons: Wojtek Radwanski, Hun Seok, RUSI's Seok, Bruce Bennett, Hoshik Nam, KAI, Defense Mariusz Blaszczak, JSU's Nam Organizations: Afp, Getty, Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem, LIG, Statistics, Stockholm International Peace Research Institute, Royal United Services Institute, CNBC, Italian Institute for International Political Studies, Chosun Ilbo, CNBC South, U.S ., Center for Strategic, International Studies, RAND Corporation, Jacksonville State University, FA, Defense, U.S Locations: Korean, Torun, Korea, South Korea, Stockholm, Indo, Pacific, U.K, South Korean, Russia, Ukraine, Moscow, U.S, North Korea, Poland, Soviet, South

☆ Bank of Korea to hold emergency meeting after Yoon lifts martial law
▼ + stars: | 2024-12-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Signage for Bank of Korea is displayed atop the central bank's headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. The Bank of Korea is set to hold an emergency meeting Wednesday after South Korean President Yoon Suk Yeol lifted a surprise martial law declaration overnight. Late Tuesday night, Yoon declared an emergency martial law and mobilized the army. Within hours, the National Assembly voted to overturn the emergency order, forcing Yoon to lift martial law early Wednesday morning. The iShares MSCI South Korea ETF (EWY), which tracks more than 90 large and mid-sized companies in South Korea, tumbled as much as 7% to hit a 52-week low before cutting losses to close 1.6% lower.

Persons: Yoon Suk, BOK, Yoon, Choi Sang, mok Organizations: Bank of, The Bank of, South, National Assembly, Citi, South Korea's Finance, Korea ETF Locations: Bank of Korea, Seoul, South Korea, South Korea's, The Bank of Korea, U.S, Korea, KST

☆ Russia’s Putin likely to be enjoying political instability in South Korea, former MEP says
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia’s Putin likely to be enjoying political instability in South Korea, former MEP saysGlyn Ford, a former Member of the European Parliament (MEP), discusses South Korea’s ongoing political drama and the potential domestic and international ramifications.

Persons: Russia’s Putin, Glyn Ford Locations: South Korea

☆ With the US caught off guard, Kim Jong Un may be about to capitalize on South Korea's turmoil
▼ + stars: | 2024-12-04 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +4 min

South Korea's foe, North Korea, could seek to exploit the turmoil. Kim Jong Un, North Korea's emboldened leader, is likely watching the events in South Korea closely and may use the turmoil to his benefit. Advertisement"We should not be surprised if Pyongyang exploits the domestic crisis in South Korea to its advantage, either rhetorically or otherwise," he added. Kim could use the crisis to intimidate and undermine its neighbor, and drive a wedge between South Korea and the US, say analysts. "I would expect some rhetorical gloating about the superiority of North Korea's political system, but not much else," he said.

Persons: Yoon Suk Yeol, Yoon, South, Kim Jong Un, Korea's, Edward Howell, Seiler, Kurt Campbell, Campbell, Kim, Ramon Pacheco Pardo, David Welch Organizations: University of Oxford, CNN, US National Intelligence Council, South, ROK, Department of European, International Studies, SOAS, University Research, Political Science, University of Waterloo, Newsweek Locations: Korea, North Korea, South Korea, Seoul, Pyongyang, South, East Asia, Ukraine, China, Taiwan, Republic of Korea

☆ Homebuyer demand for mortgages jumped 6%, as interest rates fell to the lowest level in over a month
▼ + stars: | 2024-12-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale. Applications for a mortgage to purchase a home jumped 6% for the week, the highest level since January. Most borrowers today have loans with far lower rates than are being offered today. "Conventional refinance applications declined despite the lower rates, but FHA and VA refinances rebounded from a week ago," Kan added. Mortgage rates continued their decline to start this week, but nothing dramatic.

Persons: refinance, Joel Kan, Kan, Jerome Powell Organizations: Mortgage, refinances, Federal Reserve, Federal, The New York Times DealBook Locations: France, South Korea

☆ Who Would Replace South Korea’s President Yoon?
▼ + stars: | 2024-12-04 | by ( Qasim Nauman | ) www.nytimes.com time to read: 1 min

South Korea’s opposition, which controls the National Assembly, has threatened to impeach President Yoon Suk Yeol if he does not resign after his ill-fated decision to impose martial law. If Mr. Yoon quits or is removed from office then, under the constitution, Prime Minister Han Duck-soo will step in to perform presidential duties. Mr. Yoon, a conservative, came into office after winning the 2022 presidential election by a threadbare margin, and appointed Mr. Han as the prime minister that year. Mr. Han began his career as a civil servant in the early 1970s, working on trade and industrial policy for decades. From 2009 to 2012, Mr. Han was South Korea’s ambassador to the United States.

Persons: Yoon Suk, Yoon, Han Duck, Han, Han’s, Roh Moo Organizations: National Assembly, Harvard Locations: South, United States

☆ Why South Korea’s Leader Made Such a Fateful Decision
▼ + stars: | 2024-12-04 | by ( Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

For Yoon Suk Yeol, the unpopular president of South Korea, things appeared to worsen with each passing day. And the lawmakers blocked many of Mr. Yoon’s bills and political appointments. On Tuesday night, Mr. Yoon took a desperate measure, his boldest political gamble, which he said was driven by frustration and crisis. Inside, lawmakers who included members of Mr. Yoon’s own People Power Party voted unanimously to strike down his martial law. Six hours after declaring it, Mr. Yoon appeared on television again, this time to retract his decision.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Yoon’s Organizations: National Assembly, Power Party Locations: South Korea,

☆ 'This is the end of President Yoon's presidency': Analyst
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'This is the end of President Yoon's presidency': AnalystKarl Friedhoff from Chicago Council on Global Affairs talks about the future of South Korea's political leadership after the short-lived martial law in the country.

Persons: Yoon's, Karl Friedhoff Organizations: Chicago Council, Global Affairs

☆ Analysis: The troubled history of martial law, coups and toppled presidents many hoped South Korea had left behind
▼ + stars: | 2024-12-04 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

Yoon was forced to back down and lifted the martial law order just hours later, after lawmakers unanimously voted to block the decree amid a fierce national outcry. That was the last time martial law was declared in South Korea. Seoul citizens walk beside an army tank on Saturday, Oct. 27, 1979, after martial law was declared following the death of President Park Chung-Hee. Outsted South Korean leader Park Geun-hye arrives at a court in Seoul, South Korea, August 25, 2017. Yoon also faces rising discord within his party, which has opposed his move to introduce martial law and called it unconstitutional.

Persons: Park Chung, Yoon Suk Yeol, Yoon, “, ”, Yoon’s, Chun, Hee, Kim Chon, Roh Moo, Lee Myung, Chung, Park, hye, Kim Hong, Leif, Eric Easley, Yonhap Organizations: CNN, Yonhap News Agency, Min Consulting, National Assembly, Ewha University, Democracy Party, People Power Party Locations: South Korea, South, Seoul, Japan, Gwangju, Korean

☆ South Korean president declares emergency martial law, accusing opposition of anti-state activities
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: 1 min

South Korean President Yoon Suk Yeol declared an “emergency martial law,” Tuesday accusing the country’s opposition of controlling the parliament, sympathizing with North Korea and paralyzing the government with anti-state activities. Yoon made the announcement during a televised briefing. He declared the step as critical for defending the country’s constitutional order. It wasn’t immediately clear how the steps would affect the country’s governance and democracy. Yoon since taking office in 2022 had struggled to push his agendas against an opposition-controlled parliament.

Persons: Yoon Suk Yeol, Yoon Organizations: South Locations: sympathizing, North Korea

☆ U.S. announces new export controls on China’s chip industry
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. Chinese companies facing new restrictions include nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers. The companies include Swaysure Technology Co., Si’En Qingdao and Shenzhen Pensun Technology Co., which work with China’s Huawei Technologies. The telecommunications equipment leader has been hobbled by U.S. sanctions and is now at the center of China’s advanced chip production and development. However, it remains years behind chip industry leaders like Nvidia in AI chips and chip equipment maker ASML in the Netherlands.

Persons: Beijing’s, Biden, Donald Trump, Gina Raimondo, ”, Lam, Lin Jian, JAC, China’s, ASML Organizations: Monday, Naura Technology, ACM Research, SiCarrier Technology, ” Reuters, Lam Research, ASM International ., Swaysure Technology, Si’En, Shenzhen Pensun Technology, China’s Huawei Technologies, Semiconductor Manufacturing, Co, Capital, Wingtech Technology, JAC Capital, ”, U.S Locations: States, China, U.S, Singapore, Malaysia, Si’En Qingdao, Shenzhen, Netherlands, United States, Israel, South Korea, Taiwan, Japan

☆ South Korean won falls sharply against the U.S. dollar after president declares martial law
▼ + stars: | 2024-12-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law. The U.S. dollar traded up as much as 2.7% against the won, before paring gains. Speaking during an unannounced televised briefing, South Korea's Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis. Martial law refers to the temporary imposition of military authority over a civilian population, typically during a time of emergency.

Persons: Yoon Suk, South Korea's, Yoon Suk Yeol, Korea's Yoon, Yoon, hasn't Organizations: South, U.S, U.S . Locations: Goyang, Seoul, Republic of Korea, Korean, Asia's

☆ FBI arrests man allegedly helping prepare ‘surprise attack’ on South Korea
▼ + stars: | 2024-12-03 | by ( Josh Campbell | ) edition.cnn.com time to read: +3 min

CNN —A California man confessed to helping the North Korean regime prepare for an attack in a “sophisticated scheme” to illegally obtain restricted weapons and military grade technology, federal prosecutors announced Tuesday. Wen, who allegedly overstayed his visa and remained in the US illegally, was arrested Tuesday by the FBI. Thousands of US military personnel are stationed in South Korea to help bolster security and stability in the region. Justice Department officials said the arrest was unrelated to Tuesday’s internal political turmoil amid a declaration of martial law and clashes outside South Korean parliament. Akil Davis, head of the FBI’s Los Angeles division, said: “Not only did the investigative team prevent additional restricted items going to the North Korean regime, but they gathered valuable intelligence for the United States and our allies.”

Persons: Shenghua Wen, Wen, “, ”, Martin Estrada, Estrada, Shawn Gibson, Akil Davis Organizations: CNN, North, Justice Department, FBI, Korean, North Korean, . Justice, South, Prosecutors, Department of Justice, Emergency Economic, Homeland Security Investigations, Los Locations: California, Ontario , California, South Korea, Texas, Los Angeles, North Korea, United States

☆ Why did South Korea's president declare martial law?
▼ + stars: | 2024-12-03 | by ( Ellie Zolfagharifard | Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

South Korea's president, Yoon Suk Yeol, on Tuesday invoked martial law, a stunning move that threw the nation into turmoil. The last time that a South Korean leader declared martial law was in 1979 following the assassination of the president. South Korea's parliament voted unanimously to block the president's decree, declaring the shocking move invalid, but martial law remains in effect. The semi-official South Korean news agency also said that media and publishers fall under the control of the South Korean military. Hours after Yoon declared martial law, live TV showed South Korea's parliament passing a motion requiring the law to be lifted.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Kim Jong, Yoon didn't, South Korea Philip Goldberg, Yoon's, Biden, Han Dong, Lee Jae, Yonhap Organizations: South, People Power Party, Democratic Party of Korea, National Assembly, Associated Press, South Korean, State Department, Power Party, Korean, US National Security, KB Financial Group, POSCO Holdings, Wall Street Locations: Korean, South Korea, Korea's, North Korea, Korea, South

☆ Video: ‘Democracy that worked’: Former defense secretary on South Korea instability
▼ + stars: | 2024-12-03 | by ( Clemente Duran-Ballen | ) edition.cnn.com time to read: 1 min

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Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low. South Korean stocks dropped in the U.S. on Tuesday after President Yoon Suk Yeol invoked emergency powers and declared martial law, raising fear of instability in the world's 13th largest economy. This is the first time since 1980 a South Korean leader has issued a martial law declaration.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, — Organizations: National Assembly, South, Korea ETF, Korea Electric, KT Corporation, Korea Telecom, Korea Exchange, U.S, South Korean Locations: Seoul, Korea, South Korea, U.S, Korean, South Korean, North Korea

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