Korea 24 - 2024.12.13
KBS WORLD Radio Korea 24
Deep Dive
Why is the National Assembly voting on a second impeachment motion against President Yoon Sang-yeol?
The National Assembly is voting on a second impeachment motion against President Yoon Sang-yeol due to his declaration of martial law, which is seen as a violation of the Constitution and principles of popular sovereignty and separation of powers. The motion also highlights the attempted arrest of lawmakers, occupation of the National Election Commission, and seizure of commission employees' mobile phones.
Why is the impeachment vote scheduled for 4 PM on Saturday?
The impeachment vote was initially scheduled for 5 PM but was updated to 4 PM on Saturday to comply with a law stipulating that a vote must occur between 24 and 72 hours after a motion is reported to a plenary session.
What is the main opposition Democratic Party's stance on the impeachment motion?
The main opposition Democratic Party, led by Chairman Lee Jae-myung, is urging ruling party lawmakers to vote for impeachment. Lee stressed that the vote is about protecting the people and the Constitution, not just the president or the ruling party.
What is the ruling People Power Party's response to the impeachment motion?
The ruling People Power Party has not been vocal about its stance on the impeachment motion. However, the party's new floor leader, Kwon Sung-dong, suggested starting discussions on a constitutional amendment and requested the National Assembly Speaker to take the lead in initiating related talks.
What is the current public opinion on President Yoon Sang-yeol's performance?
According to a recent Gallup Korea survey, President Yoon Sang-yeol's approval rating has hit a record low of 11%, with 85% of respondents expressing dissatisfaction. 75% of respondents support his impeachment, while 21% are opposed.
Why is the government concerned about increasing downside risks to the economy?
The government is concerned about increasing downside risks due to weakened economic sentiment and ongoing domestic and external uncertainties, including reduced private spending and decreased business investment. The December economic report, dubbed the Green Book, highlights these concerns.
What measures has the government taken to stabilize the financial markets?
The government has set aside a 10 trillion won stock stabilization fund, ready to be mobilized immediately if needed to curb excessive volatility in the financial and foreign exchange markets. This fund is intended to provide reassurance and prevent market volatility.
Why are foreign investors continuing to sell Korean stocks?
Foreign investors are continuing to sell Korean stocks due to a lackluster outlook for Korean companies, increasing emphasis on the Korea discount, and political uncertainty. The current martial law incident has further exacerbated these issues, making the U.S. market a more attractive option.
Why did the National Assembly pass the budget bill with opposition-led reductions?
The National Assembly passed the budget bill with opposition-led reductions of 4.1 trillion won, reflecting the opposition's influence. This is the first time in modern history that the budget bill has passed with unilateral revisions by the opposition, despite the government's dissatisfaction.
What actions are Korean webcomic companies taking against piracy?
Seven major Korean webcomic companies have formed an anti-piracy association and submitted a petition to the Daejeon Provincial Court against operators of unauthorized platforms like Agitune and Agitune Novel. They are demanding maximum penalties to deter further crimes and protect creators' rights.
- Second impeachment motion against President Yoon Sung-yeol
- Motion cites unconstitutional martial law declaration
- Vote scheduled for Saturday
- President Yoon's approval rating at record low (11%)
- Strong public support for impeachment (75%)
Shownotes Transcript