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

USD -
AED 3.672495
AFN 67.701997
ALL 84.120616
AMD 376.86036
ANG 1.789699
AOA 916.99981
ARS 1350.392994
AUD 1.546791
AWG 1.8025
AZN 1.696617
BAM 1.687416
BBD 1.988007
BDT 120.374445
BGN 1.687416
BHD 0.374445
BIF 2935.507528
BMD 1
BND 1.278461
BOB 6.803848
BRL 5.5388
BSD 0.984686
BTN 86.116216
BWP 13.508477
BYN 3.222208
BYR 19600
BZD 1.977827
CAD 1.38105
CDF 2889.999704
CHF 0.805645
CLF 0.024446
CLP 958.992278
CNY 7.211797
CNH 7.19286
COP 4123.376903
CRC 497.476382
CUC 1
CUP 26.5
CVE 95.133946
CZK 21.2014
DJF 175.333247
DKK 6.439803
DOP 59.842112
DZD 130.120357
EGP 48.338726
ERN 15
ETB 135.820974
EUR 0.86255
FJD 2.261502
FKP 0.753274
GBP 0.754632
GEL 2.698543
GGP 0.753274
GHS 10.338639
GIP 0.753274
GMD 72.498292
GNF 8539.752383
GTQ 7.557051
GYD 205.99629
HKD 7.848798
HNL 25.874639
HRK 6.502302
HTG 128.898667
HUF 344.134981
IDR 16367.95
ILS 3.41469
IMP 0.753274
INR 87.245499
IQD 1289.849446
IRR 42112.494394
ISK 123.429526
JEP 0.753274
JMD 157.939692
JOD 0.708969
JPY 148.375011
KES 127.207627
KGS 87.449886
KHR 3945.472585
KMF 427.493234
KPW 899.999999
KRW 1389.030207
KWD 0.30527
KYD 0.8205
KZT 534.360036
LAK 21292.437772
LBP 88226.909969
LKR 296.665373
LRD 197.411673
LSL 18.03615
LTL 2.95274
LVL 0.60489
LYD 5.379406
MAD 9.016608
MDL 16.955265
MGA 4469.177344
MKD 53.112463
MMK 2099.252476
MNT 3592.88442
MOP 7.960657
MRU 39.275269
MUR 46.75014
MVR 15.403789
MWK 1707.346534
MXN 18.853969
MYR 4.277496
MZN 63.959702
NAD 18.03615
NGN 1533.980153
NIO 36.236573
NOK 10.23875
NPR 137.786118
NZD 1.695347
OMR 0.381882
PAB 0.984599
PEN 3.537207
PGK 4.147362
PHP 57.765976
PKR 279.383202
PLN 3.692248
PYG 7375.005392
QAR 3.580087
RON 4.380298
RSD 101.065528
RUB 79.116518
RWF 1422.285492
SAR 3.751197
SBD 8.264604
SCR 14.458134
SDG 600.499211
SEK 9.65361
SGD 1.290178
SHP 0.785843
SLE 22.999955
SLL 20969.503947
SOS 562.702213
SRD 36.839675
STD 20697.981008
STN 21.138001
SVC 8.615677
SYP 13001.78415
SZL 18.031146
THB 32.474974
TJS 9.289763
TMT 3.51
TND 2.92895
TOP 2.342096
TRY 40.620499
TTD 6.673569
TWD 29.709048
TZS 2491.091842
UAH 41.159484
UGX 3529.614771
UYU 39.558259
UZS 12497.303826
VES 123.49336
VND 26220
VUV 120.586812
WST 2.775482
XAF 565.943661
XAG 0.027001
XAU 0.000297
XCD 2.70255
XCG 1.774557
XDR 0.703852
XOF 565.943661
XPF 102.894612
YER 240.594418
ZAR 18.26019
ZMK 9001.221876
ZMW 22.522756
ZWL 321.999592
  • RBGPF

    0.0000

    74.94

    0%

  • SCU

    0.0000

    12.72

    0%

  • CMSC

    0.0200

    22.87

    +0.09%

  • NGG

    1.4300

    71.82

    +1.99%

  • BCC

    -0.4600

    83.35

    -0.55%

  • CMSD

    0.0800

    23.35

    +0.34%

  • RELX

    -0.3000

    51.59

    -0.58%

  • GSK

    0.4100

    37.56

    +1.09%

  • SCS

    -0.1500

    10.18

    -1.47%

  • RIO

    -0.1200

    59.65

    -0.2%

  • RYCEF

    0.0100

    14.19

    +0.07%

  • BCE

    0.2400

    23.57

    +1.02%

  • JRI

    -0.0300

    13.1

    -0.23%

  • AZN

    0.8600

    73.95

    +1.16%

  • VOD

    0.1500

    10.96

    +1.37%

  • BTI

    0.6700

    54.35

    +1.23%

  • BP

    -0.4000

    31.75

    -1.26%


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.