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South Korea

This Month

The governments of Olaf Scholz, Justin Trudeau and Yoon Suk Yeol are all in crisis.

Why the world’s leading democracies are in crisis

The majority of G7 governments are now so burdened with domestic political problems that they are incapable of steering their own countries – let alone the free world.

  • Gideon Rachman
From left: Olaf Scholz of Germany, Canada’s Justin Trudeau and  South Korea’s Yoon Suk Yeol.

On the brink: What’s going on in Germany, Canada and South Korea?

As Germany heads towards a caretaker government, Canada’s Trudeau faces a grave challenge and South Korea’s president is realising how much trouble a handbag can carry.

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A crazy six hours in Seoul and the fragility of democracy

A presidential brain snap in South Korea has revived dark memories of the country’s past, with potentially damaging geopolitical ripples across north-east Asia.

  • James Curran
South Korean President Yoon Suk Yeol apologises for his actions at the presidential office in Seoul on Saturday.

Yoon survives impeachment vote after his power grab

The move to impeach the South Korean president was foiled by his conservative People Power Party, which boycotted the vote.

  • Soo-Hyang Choi and Sam Kim
South Korean President Yoon Suk Yeol apologises for his actions at the presidential office in Seoul on Saturday.

South Korea’s president apologises hours before impeachment vote

President Yoon Suk Yeol expressed his regret for plunging the country into political turmoil, but did not resign from parliament.

  • Soo-Hyang Choi and Sam Kim
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Protesters march to the presidential office after a candlelight vigil against South Korean President Yoon Suk Yeol in Seoul, South Korea on Thursday, December 5, 2024.

South Korea’s crisis deepens after party leader turns on president

The leader of the country’s ruling party now supports suspending Yoon Suk Yeol from office, a bombshell reversal that makes the president’s impeachment more likely.

  • Soo-Hyang Choi
South Korean veteran marines shave their head in a protest outside the presidential office in Seoul this week.

Why a destabilised South Korea is dangerous

North Korea’s Kim Jong-un is not backing down from his nuclear ambitions. A stable South Korea is crucial for peace in the region.

  • Edward Howell
Protesters stage a rally to demand South Korean President Yoon Suk Yeol to step down in front of the National Assembly in Seoul, South Korea, Wednesday, Dec. 4, 2024. The signs read “Punish.”

Yoon’s actions remind investors of all they dislike about South Korea

After briefly declaring martial law this week, the South Korean President can kiss goodbye to his plan to boost the nation’s notoriously depressed stock market.

  • Shuli Ren
South Korean President Yoon Suk-yeol walks during the Association of Southeast Asian Nations (ASEAN) Plus Three Summit in Vientiane, Laos, Thursday, Oct. 10, 2024. (AP Photo/Sakchai Lalit)

South Korea’s defence minister sacked over martial law chaos

President Yoon Suk Yeol replaced his defence minister as he tries to stave off an impeachment bid following his failed attempt to impose martial law.

  • Hyung-Jin Kim and Kim Tong-Hyung
Tesla would fare better than other US electric car makers if the EV tax credit is ditched.

Australia breaks EV sales record

More than 100,000 electric vehicles have been sold in Australia this year; Israel reprimands Australian ambassador over visa refusal. How the day unfolded.

  • Updated
  • Lucy Slade and Timothy Moore
South Korean President Yoon Suk Yeol sparks chaos after declaring martial law.

How South Korea fought off a presidential power grab

Yoon Suk Yeol’s martial law declaration sparked shock and fear throughout the country. But the nation’s relatively new democratic institutions held firm.

  • Jessica Sier
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GDP misses forecasts; Chaos in South Korea; Forrest’s female fund

Read everything that’s happened in the news so far today.

People gather to demand South Korean President Yoon Suk Yeol to step down in front of the National Assembly in Seoul, South Korea, Wednesday, Dec. 4, 2024. (AP Photo/Ahn Young-joon)

How South Korea’s whirlwind stint of martial law jolted markets

The shock announcement sent Samsung shares plunging and reached into ETFs, government bonds and even bitcoin.

  • Carmen Reinicke, Maria Elena Vizcaino and Hooyeon Kim
South Korean President Yoon Suk-Yeol sparks chaos after declaring martial law.

South Korean MPs to impeach president over martial law chaos

The opposition is pushing for a vote to remove Yoon Suk Yeol after his failed attempt to impose martial law triggered a major political crisis in the country.

  • Updated
  • Soo-Hyang Choi

November

Lee Jung-jae as Gi-hun in a scene from the upcoming second season of Squid Game.

How the world’s most popular TV show is made

Hwang Dong-hyuk wrote Squid Game, the biggest Netflix series ever, in the depths of despair. He’s back for season two. What can we learn from its success?

  • Sam Buckingham-Jones
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October

Phil King’s Regal Funds Management has been indicted over alleged breaches of South Korea’s short-selling laws.

Phil King’s Regal Funds indicted in South Korean crackdown

In April, the firm had moved to appeal a $347,000 penalty imposed by South Korea’s financial authorities over alleged breaches of short-selling laws.

  • Joshua Peach

August

About 20 per cent of the $US820 billion of commercial-property loans coming due this year in the US are linked to offices

Risky bet on US office towers becomes debacle

With high borrowing costs and slumping property prices, investors are pulling back from mezzanine debt and taking a massive hit on their way out.

  • Neil Callanan and Natalie Wong

July

The Boggabri coal mine in NSW is owned by three Japanese companies.

Japan’s Chugoku puts its share of $1.1b Boggabri coal mine up for sale

The electricity retailer owns 10 per cent of the NSW operation, and it is the latest Japanese coal industry cornerstone firm to exit.

  • Peter Ker
The South Korean-built Barakah nuclear power plant in the UAE during construction in 2017.

Australia could buy South Korean nuclear reactors

The East Asian nation is gradually increasing its exports of energy technology to diversify its economic base and strengthen its geopolitical influence.

  • Michael Read and Elouise Fowler
A slew of regulatory setbacks has South Korean investors for the first time viewing Australia as a destination with ‘sovereign risk’ to investment returns.

‘Spurious’ delays deterring foreign investors from Australia

A slew of regulatory setbacks has South Korean investors for the first time viewing Australia as a destination with ‘sovereign risk’ to investment returns.

  • Michael Read and Elouise Fowler

Original URL: https://www.afr.com/topic/republic-of-korea--south-korea--eoh