• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Tuesday, December 16, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

South Korea president declares emergency martial law

December 3, 2024
in Markets
South Korea president declares emergency martial law
Share on FacebookShare on TwitterWhatsapp

SEOUL: South Korea’s President Yoon Suk Yeol on Tuesday declared emergency martial law, saying the step was necessary to protect the country from “communist forces” amid parliamentary wrangling over a budget bill.

“To safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and to eliminate anti-state elements… I hereby declare emergency martial law,” Yoon said in a live televised address to the nation.

“With no regard for the livelihoods of the people, the opposition party has paralysed governance solely for the sake of impeachments, special investigations, and shielding their leader from justice,” he added.

The surprise move comes as Yoon’s People Power Party and the main opposition Democratic Party continue to bicker over next year’s budget bill. Opposition MPs last week approved a significantly downsized budget plan through a parliamentary committee.

“Our National Assembly has become a haven for criminals, a den of legislative dictatorship that seeks to paralyse the judicial and administrative systems and overturn our liberal democratic order,” Yoon said.

He accused opposition lawmakers of cutting “all key budgets essential to the nation’s core functions, such as combatting drug crimes and maintaining public security… turning the country into a drug haven and a state of public safety chaos.”

Yoon went on to label the opposition, which holds a majority in the 300-member parliament, as “anti-state forces intent on overthrowing the regime” and called his decision “inevitable”.

“I will restore the country to normalcy by getting rid of anti-state forces as soon as possible.”

Tags: Emergencymartial lawSouth Korea
Share15Tweet10Send
Previous Post

Pakistan Hotels Developers Limited moves toward voluntary winding-up

Next Post

Major Gulf equities track higher oil prices; Qatar flat – Markets

Related Posts

Sri Lankan shares gain on real estate, energy stocks
Markets

Sri Lankan shares gain on real estate, energy stocks

December 16, 2025
India private sector growth hits 10-month low in December, hiring stalls, PMIs show
Markets

India private sector growth hits 10-month low in December, hiring stalls, PMIs show

December 16, 2025
Rupee records gain against US dollar
Markets

Rupee records gain against US dollar

December 16, 2025
Oil slips on Russia-Ukraine peace deal talks, weak China data
Markets

Oil slips on Russia-Ukraine peace deal talks, weak China data

December 16, 2025
Gold price drops by Rs4,000 per tola in Pakistan
Markets

Gold price drops by Rs4,000 per tola in Pakistan

December 16, 2025
Pakistan seeks oil deal with Russia as energy ministries hold talks, RIA reports
Markets

Pakistan seeks oil deal with Russia as energy ministries hold talks, RIA reports

December 16, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.