Seoul, South Korea – A South Korean court has approved a detention warrant for impeached President Yoon Suk Yeol, who faces rebellion charges over his attempt to impose martial law in December. The Seoul Western District Court issued the warrant on Tuesday, marking the first time that a sitting South Korean president has faced arrest, … Read more
South Korea was in mourning Monday as investigators worked to determine the cause of a plane crash in Muen that killed 179 of the 181 people on board. Acting President Choi Sang-mok appeared on Monday at a memorial in Muan, about 290 kilometers south of Seoul, where he laid a wreath and bowed in respect … Read more
In response to the political crisis currently unfolding in South Korea, the government promised to provide “unlimited liquidity” to financial markets to mitigate the effects of instability. The Ministry of Economy and Finance issued a statement announcing that it plans to “deploy all possible measures to stabilize the market,” which includes ensuring the availability of … Read more
The Bank of Canada has decided not to move forward with the development of its digital currency, known as the digital Loonie, after several years of exploration that began in 2017. This decision comes amid rapid digitalization and changes in the ways Canadians pay, and follows a public consultation process in 2022. The bank confirmed … Read more