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

USD -
AED 3.67301
AFN 71.021929
ALL 86.757891
AMD 388.845938
ANG 1.80229
AOA 916.000148
ARS 1165.000022
AUD 1.559315
AWG 1.8025
AZN 1.70406
BAM 1.718274
BBD 2.002838
BDT 121.45998
BGN 1.72222
BHD 0.376957
BIF 2973.111879
BMD 1
BND 1.309923
BOB 6.907155
BRL 5.619799
BSD 0.999627
BTN 85.145488
BWP 13.647565
BYN 3.271381
BYR 19600
BZD 2.008021
CAD 1.382775
CDF 2877.999765
CHF 0.824198
CLF 0.024644
CLP 945.690142
CNY 7.269496
CNH 7.2656
COP 4197
CRC 505.357119
CUC 1
CUP 26.5
CVE 96.873243
CZK 21.90485
DJF 178.012449
DKK 6.56135
DOP 58.908545
DZD 132.288977
EGP 50.801298
ERN 15
ETB 133.81045
EUR 0.87892
FJD 2.256403
FKP 0.746656
GBP 0.74686
GEL 2.745039
GGP 0.746656
GHS 14.294876
GIP 0.746656
GMD 71.492633
GNF 8658.065706
GTQ 7.698728
GYD 209.76244
HKD 7.75695
HNL 25.941268
HRK 6.620396
HTG 130.799
HUF 355.319478
IDR 16646.9
ILS 3.62904
IMP 0.746656
INR 85.090398
IQD 1309.571398
IRR 42100.000211
ISK 128.410025
JEP 0.746656
JMD 158.35182
JOD 0.7092
JPY 142.663004
KES 129.349896
KGS 87.450261
KHR 4001.774662
KMF 432.250121
KPW 900.101764
KRW 1422.724972
KWD 0.30632
KYD 0.833044
KZT 511.344318
LAK 21622.072771
LBP 89567.707899
LKR 299.446072
LRD 199.931473
LSL 18.549157
LTL 2.95274
LVL 0.60489
LYD 5.468994
MAD 9.272737
MDL 17.203829
MGA 4511.41031
MKD 54.061297
MMK 2099.785163
MNT 3572.381038
MOP 7.98763
MRU 39.575655
MUR 45.229907
MVR 15.400483
MWK 1733.40069
MXN 19.553103
MYR 4.310956
MZN 64.01011
NAD 18.549157
NGN 1601.519845
NIO 36.785022
NOK 10.359235
NPR 136.237321
NZD 1.68312
OMR 0.384995
PAB 0.999613
PEN 3.664973
PGK 4.141482
PHP 55.858498
PKR 280.826287
PLN 3.75155
PYG 8005.376746
QAR 3.644223
RON 4.374502
RSD 102.966435
RUB 82.000422
RWF 1428.979332
SAR 3.751033
SBD 8.361298
SCR 14.651979
SDG 600.501985
SEK 9.643735
SGD 1.305825
SHP 0.785843
SLE 22.75021
SLL 20969.483762
SOS 571.328164
SRD 36.849418
STD 20697.981008
SVC 8.746876
SYP 13001.961096
SZL 18.542907
THB 33.321501
TJS 10.555936
TMT 3.51
TND 2.990231
TOP 2.342102
TRY 38.501202
TTD 6.782431
TWD 31.975997
TZS 2685.000535
UAH 41.530014
UGX 3663.550745
UYU 42.090559
UZS 12943.724275
VES 86.54811
VND 26005
VUV 121.306988
WST 2.770092
XAF 576.298184
XAG 0.030422
XAU 0.000302
XCD 2.70255
XDR 0.71673
XOF 576.29312
XPF 104.776254
YER 245.050187
ZAR 18.54398
ZMK 9001.200989
ZMW 27.965227
ZWL 321.999592
  • SCS

    0.1500

    10.01

    +1.5%

  • RBGPF

    -0.4500

    63

    -0.71%

  • RYCEF

    -0.1300

    10.12

    -1.28%

  • NGG

    0.1900

    73.04

    +0.26%

  • RIO

    0.0100

    60.88

    +0.02%

  • VOD

    0.0100

    9.58

    +0.1%

  • CMSC

    -0.0800

    22.24

    -0.36%

  • GSK

    0.9100

    38.97

    +2.34%

  • RELX

    0.4300

    53.79

    +0.8%

  • JRI

    0.1300

    12.93

    +1.01%

  • AZN

    1.7800

    71.71

    +2.48%

  • BCE

    0.1100

    21.92

    +0.5%

  • BCC

    -0.8300

    94.5

    -0.88%

  • BTI

    0.4700

    42.86

    +1.1%

  • CMSD

    -0.1300

    22.35

    -0.58%

  • BP

    -1.0600

    28.07

    -3.78%


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.