• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

South Korea’s Yoon names new defence minister after botched martial law

by December 5, 2024
written by December 5, 2024

SEOUL (Reuters) – South Korean President Yoon Suk Yeol has accepted the resignation of Defence Minister Kim Yong-hyun and nominated the ambassador to Saudi Arabia, Choi Byung-hyuk, as new defence minister, the presidential office said on Thursday.

Kim, who offered his resignation on Wednesday, was seen as a central figure in Yoon’s declaration of martial law on Tuesday. A senior military official and filings to impeach Yoon by opposition members said Kim made the recommendation to Yoon.

Yoon’s chief of staff, Chung Jin-suk, called Choi “a person of principle who carries out his duties with dedication and adheres to regulations.”

The nomination is the first official move by Yoon after he announced the withdrawal of the martial law declaration in the early hours of Wednesday, amid a storm of political turmoil and diplomatic fallout.

Parliament introduced a motion early on Thursday to impeach him over the botched attempt to impose martial law, but his party vowed to oppose the move, throwing the process into doubt.

The main opposition Democratic Party has called Yoon’s martial law attempt a treasonous act, and its lawmakers could lead a vote for the bill as early as Friday.

U.S. officials said they were caught completely off guard by Yoon’s martial law declaration, which Deputy Secretary of State Kurt Campbell said was “badly misjudged.”

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US stock futures muted after Wall St hits record highs on tech gains, Powell talk
next post
Trump picks Fiserv CEO Bisignano to head the Social Security Administration

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • German lawmakers set stage for early national election
    • Malaysia economy likely lost some steam in Q3: Reuters poll

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy