South Korea recently faced a political crisis as President Yoon Suk Yeol was suspended from office following his attempt to impose martial law.
The decision came after an announcement on December 3, where Yoon claimed the measure was necessary to address “anti-state elements” and perceived threats from North Korea.
This action led to criticism and, eventually, his impeachment by the national parliament on December 14.
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Following Yoon’s declaration of martial law, Bitcoin
Analysts linked the crash to a liquidity shortage and the "disappearance of major market players". Prices rebounded quickly after the country's parliament demanded the end of martial law on December 4.
According to the Korea Herald's report on December 31, the Seoul Western District Court approved an arrest warrant for Yoon. This marked the first time a sitting president in South Korea faced such legal action.
The warrant was issued after Yoon missed three scheduled questioning sessions, prompting investigators to move forward with legal proceedings.
The request for the warrant came from a task force that included the Corruption Investigation Office for High-ranking Officials (CIO), the Korean National Police Agency, and the Defense Ministry’s Criminal Investigation Command.
As South Korea deals with internal political challenges, the country also addresses external threats, including cybercriminal activities linked to North Korea. What action did South Korea take? Read the full story.
