Tracking the Political Crisis in South Korea
South Korean President Yoon Suk-yeol suddenly announced the implementation of "emergency martial law" last night. The largest opposition party in South Korea stated that if Yoon does not step down immediately, they will advance impeachment proceedings. This topic will track and analyze the current political situation in South Korea and its impact on the cryptocurrency market.
17:26 South Korean President Yoon Suk-yeol has walked out of the Seoul detention center
ChainCatcher news, according to Jinshi reports, television footage shows South Korean President Yoon Suk-yeol walking out of the Seoul detention center.Yoon Suk-yeol's lawyer stated that there are procedural and substantive issues regarding Yoon Suk-yeol's detention. His release marks the beginning of the restoration of the rule of law.
12:08 Yoon Suk-yeol attends impeachment trial debate
ChainCatcher news, South Korean President Yoon Suk-yeol departs from the Seoul detention center to the Constitutional Court, preparing to attend the public debate of the impeachment case scheduled for today at 2 PM local time. (Jinshi)
10:22 Bank of Korea: Political concerns lead to slowdown in GDP growth
ChainCatcher news, the Bank of Korea stated that political concerns have led to a slowdown in GDP growth. (Jin Ten)
21:57 Yoon Suk-yeol officially entered the detention center
ChainCatcher news, according to Jin Shi reports, after South Korean President Yoon Suk-yeol completed the procedures for taking photos of suspects and other related formalities, he became the first sitting president in South Korean constitutional history to officially enter a detention center in the capacity of a current president.Unlike at the time of his arrest, as a suspect, Yoon Suk-yeol had to go through various admission procedures, including changing from his private clothes to prison attire and holding a detention number plate for the suspect photo, confirming personal information, undergoing a detailed physical examination, and having his fingerprints recorded. After completing all the procedures, he has officially entered the detention center for custody.
21:48 The South Korean court has completed the review process for the appropriateness of the arrest of Yoon Suk-yeol
ChainCatcher news, the Seoul Central District Court in South Korea completed the review procedure for the arrest appropriateness requested by Yoon Suk-yeol on the 16th, and Yoon Suk-yeol himself did not attend. The court has not yet made a decision on whether to accept or reject the request from Yoon Suk-yeol's side. (Jinshi)
09:48 Yonhap News Agency: South Korean authorities have arrested President Yoon Suk-yeol
ChainCatcher news, according to Yonhap News Agency: South Korean authorities have arrested President Yoon Suk-yeol. The South Korean Public Prosecutor's Office executed the arrest warrant for Yoon Suk-yeol at 10:33 AM (Beijing time 09:33 AM).
08:12 Yoon Suk-yeol is negotiating with the Korean Public Dispute Mediation Committee and will actively attend the investigation
ChainCatcher news, the lawyer of suspended South Korean President Yoon Suk-yeol, Shin Dong-hyun, stated that Yoon is negotiating with the South Korean High-ranking Officials Crime Investigation Office (SPO) and will voluntarily attend the SPO investigation. The advance vehicle of the SPO has left the presidential residence and is heading to the SPO office located in Gwacheon, Gyeonggi Province.Just now, suspended South Korean President Yoon Suk-yeol will voluntarily walk out of the residence to accept the arrest warrant and head to the Gwacheon SPO.
23:02 Yonhap News: South Korean police are expected to attempt to execute the arrest warrant against Yoon Suk-yeol again on Wednesday
ChainCatcher news, according to Yonhap News Agency, South Korean police are expected to attempt to execute the arrest warrant against Yoon Suk-yeol again on Wednesday. (Jinshi)
21:19 The military and police at the perimeter of the South Korean presidential residence approved the entry of the public consultation office and the police
ChainCatcher news, according to Yonhap News Agency, the Korean Advanced Public Officials Crime Investigation Office (Public Investigation Office) announced on the 14th that the 55th Guard Brigade of the Army Capital Defense Command approved the entry of personnel from the Public Investigation Office and the National Investigation Headquarters of the National Police Agency into the official residence to execute President Yoon Suk-yeol's detention order.The Public Investigation Office stated that on the afternoon of the same day, it sent a document to the 55th Guard Brigade requesting approval for personnel from the Public Investigation Office, the National Investigation Headquarters of the National Police Agency, and the Ministry of National Defense Investigation Headquarters to enter the official residence to execute Yoon Suk-yeol's detention order. The 55th Guard Brigade subsequently replied with "approved for entry." According to the Presidential Guard Law, the 55th Guard Brigade is subordinate to the Presidential Security Office, managed by the Security Office, and is responsible for the outer security tasks of the presidential residence. (Kim Ten)
15:42 South Korean Acting President: Urges ruling and opposition parties to reach consensus on special prosecutor bill to resolve ongoing conflict
ChainCatcher news, South Korea's acting president Choi Sang-mok stated that he demands the ruling party and the opposition to reach an agreement on the special prosecutor bill to resolve the ongoing conflict triggered by the arrest of South Korean President Yoon Suk-yeol. (Jin Ten)
