The Fort Worth Press - South Korea: Yoon Suk Yeol shocks Nation

USD -
AED 3.672495
AFN 64.999763
ALL 81.625579
AMD 376.069532
ANG 1.79008
AOA 917.000403
ARS 1431.789842
AUD 1.421515
AWG 1.8025
AZN 1.702537
BAM 1.653513
BBD 2.007634
BDT 121.904102
BGN 1.67937
BHD 0.37579
BIF 2953.907545
BMD 1
BND 1.269318
BOB 6.887864
BRL 5.217405
BSD 0.996754
BTN 90.287318
BWP 13.196206
BYN 2.863641
BYR 19600
BZD 2.004675
CAD 1.36544
CDF 2199.999477
CHF 0.775545
CLF 0.021803
CLP 860.890073
CNY 6.93895
CNH 6.92949
COP 3698.552538
CRC 494.149674
CUC 1
CUP 26.5
CVE 93.226859
CZK 20.476295
DJF 177.497284
DKK 6.3133
DOP 62.907917
DZD 129.510331
EGP 46.709214
ERN 15
ETB 154.956292
EUR 0.845295
FJD 2.2095
FKP 0.73461
GBP 0.734445
GEL 2.694984
GGP 0.73461
GHS 10.954515
GIP 0.73461
GMD 73.000349
GNF 8749.281391
GTQ 7.645676
GYD 208.546633
HKD 7.812795
HNL 26.32985
HRK 6.370901
HTG 130.575564
HUF 319.315029
IDR 16855.5
ILS 3.110675
IMP 0.73461
INR 90.596505
IQD 1305.783237
IRR 42125.000158
ISK 122.710061
JEP 0.73461
JMD 156.005884
JOD 0.709013
JPY 156.873501
KES 128.583084
KGS 87.449916
KHR 4022.522066
KMF 418.999878
KPW 899.990005
KRW 1463.55987
KWD 0.30721
KYD 0.830649
KZT 493.181492
LAK 21420.177374
LBP 89265.15222
LKR 308.384271
LRD 187.388774
LSL 16.081196
LTL 2.95274
LVL 0.60489
LYD 6.311954
MAD 9.150874
MDL 16.995122
MGA 4424.943357
MKD 52.112968
MMK 2099.624884
MNT 3567.867665
MOP 8.021457
MRU 39.412769
MUR 46.060328
MVR 15.450219
MWK 1728.382537
MXN 17.24841
MYR 3.947501
MZN 63.750198
NAD 16.081196
NGN 1366.980415
NIO 36.683054
NOK 9.668785
NPR 144.459098
NZD 1.657955
OMR 0.383316
PAB 0.996783
PEN 3.353863
PGK 4.274458
PHP 58.510996
PKR 278.720199
PLN 3.56421
PYG 6585.872079
QAR 3.633366
RON 4.310401
RSD 99.237835
RUB 76.766994
RWF 1454.803693
SAR 3.750204
SBD 8.058149
SCR 13.844983
SDG 601.497023
SEK 8.99921
SGD 1.27058
SHP 0.750259
SLE 24.449688
SLL 20969.499267
SOS 568.631429
SRD 37.818029
STD 20697.981008
STN 20.712861
SVC 8.721604
SYP 11059.574895
SZL 16.077407
THB 31.535024
TJS 9.339838
TMT 3.505
TND 2.891035
TOP 2.40776
TRY 43.562775
TTD 6.749999
TWD 31.589886
TZS 2576.595313
UAH 42.81399
UGX 3546.653929
UYU 38.528689
UZS 12240.29117
VES 377.985125
VND 25950
VUV 119.182831
WST 2.73071
XAF 554.561056
XAG 0.012553
XAU 0.000199
XCD 2.70255
XCG 1.796485
XDR 0.689696
XOF 554.561056
XPF 100.827264
YER 238.397265
ZAR 16.001115
ZMK 9001.202214
ZMW 18.56472
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BCC

    1.8700

    91.03

    +2.05%

  • NGG

    1.1700

    88.06

    +1.33%

  • CMSD

    0.0600

    23.95

    +0.25%

  • GSK

    1.0600

    60.23

    +1.76%

  • BCE

    -0.4900

    25.08

    -1.95%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • RELX

    -0.7100

    29.38

    -2.42%

  • RIO

    2.2900

    93.41

    +2.45%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • JRI

    0.0900

    12.97

    +0.69%

  • BTI

    0.8400

    62.8

    +1.34%

  • VOD

    0.4900

    15.11

    +3.24%

  • AZN

    5.8700

    193.03

    +3.04%

  • BP

    0.8400

    39.01

    +2.15%


South Korea: Yoon Suk Yeol shocks Nation




South Korea in Crisis: President Yoon Suk Yeol's Coup Shakes the Nation

In a stunning and unprecedented move, South Korean President Yoon Suk Yeol has attempted to seize absolute power, plunging the nation into political chaos. On the night of December 3, President Yoon declared martial law, suspended the National Assembly, and deployed soldiers to surround its premises, effectively paralysing the country’s democratic institutions. The world is watching in shock as one of Asia’s most stable democracies faces an uncertain future.

The Coup: A Nation in Shock
The events unfolded rapidly on a cold December night, leaving South Koreans and the international community reeling. President Yoon cited national security threats and alleged internal dissent as justification for his actions, but critics are calling it a blatant power grab. By suspending the National Assembly—South Korea’s legislative body—Yoon has undermined the very foundation of the nation’s democratic system.

Eyewitnesses reported heavy military presence in the capital, Seoul, as soldiers and armoured vehicles took positions near government buildings. Communication networks were temporarily disrupted, adding to the confusion. The swift and calculated nature of the coup suggests months of planning, raising questions about who within the government and military may have supported the move.

Immediate Reactions: Outrage and Resistance
The coup has sparked widespread outrage among South Koreans. Protesters took to the streets in major cities, waving banners and chanting slogans calling for Yoon’s resignation. Opposition leaders condemned the move as a betrayal of the democratic values South Korea has upheld since its transition from military rule in the 1980s.

International leaders, including the US-President Joe Biden who is still in office until 20 January 2025 and Japanese Prime Minister Fumio Kishida, have expressed grave concern. The United Nations has called for an emergency session to address the situation, while human rights organisations warn of potential crackdowns on dissent.

What Led to This Crisis?
President Yoon’s tenure has been marked by polarising leadership and a growing divide between conservatives and progressives. Critics argue that his administration’s inability to address pressing economic challenges, such as rising housing costs and youth unemployment, eroded public trust. Yoon’s approval ratings had plummeted in recent months, and his administration faced mounting scrutiny over alleged corruption scandals.

While Yoon’s justification for the coup includes vague references to national security threats, experts believe the move was motivated by a desire to cling to power amidst growing opposition. Some speculate that internal disagreements within his party and the prospect of impeachment may have pushed Yoon to take drastic action.

The Role of the Military
The military’s involvement in the coup is particularly troubling for a country with a history of authoritarian rule. South Korea transitioned to a democracy in 1987 after decades of military dictatorship, and the armed forces have since remained apolitical. Yoon’s ability to mobilise the military raises questions about divisions within the armed forces and whether dissenting voices exist among its ranks.

Should significant portions of the military oppose Yoon’s actions, the possibility of a counter-coup or internal conflict could further destabilise the nation.

Implications for South Korea’s Future
The attempted coup casts a shadow over South Korea’s hard-earned reputation as a thriving democracy. Its political stability and economic strength have made it a key player in the global arena, but this crisis threatens to derail decades of progress.

Domestically, the suspension of democratic institutions could lead to widespread unrest, civil disobedience, and a protracted power struggle. Economically, investor confidence is likely to plummet, jeopardising South Korea’s status as a global technology and trade hub.

On the international stage, the coup could strain alliances, particularly with the United States, which has long regarded South Korea as a crucial ally in countering North Korea and maintaining regional stability. China and North Korea, meanwhile, may view the situation as an opportunity to exploit South Korea’s weakened state.

The Road Ahead: Democracy or Dictatorship?
The fate of South Korea now hinges on the response of its citizens, political leaders, and international allies. Opposition parties have called for immediate action to restore democracy, including mass protests and legal challenges. Meanwhile, world leaders face the delicate task of pressuring Yoon’s government while avoiding escalation.

The unfolding crisis serves as a stark reminder that even the most established democracies are not immune to authoritarian tendencies. For South Korea, the road ahead is fraught with uncertainty, but its people have shown resilience before. Whether the nation emerges from this crisis as a stronger democracy or succumbs to authoritarian rule will shape its future—and its place in the world—for generations to come.