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09.12.24 - 21:15
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South Korea Slaps Travel Ban On President; Goldman Shows Possible Transition Scenarios (ZeroHedge)
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South Korea Slaps Travel Ban On President; Goldman Shows Possible Transition Scenarios
South Korean equities slid, and the won approached its weakest level since 2009 on Monday, following last week's political turmoil when President Yoon Suk Yeol briefly declared emergency martial law.
President Yoon survived Saturday's impeachment motion, but the Justice Ministry banned him from traveling overseas on Monday morning as investigations into his brief declaration of martial law begin.
Justice Ministry official Bae Sang-up told a parliamentary hearing that the president was prohibited from leaving the country following requests by police, prosecutors, and an anti-corruption agency.
AP News cited a senior National Police Agency officer who told reporters at a briefing that police can detain Yoon if conditions are satisfied.
Yoon's martial law speech last Tuesday called parliament a "den of criminals" for "attempting to paralyze" the government, adding to eliminate "shameless ...
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03.12.24 - 18:07
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Korean won tumbles after South Korea′s president declares martial law; euro gains (Reuters EN)
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FOREX-Korean won tumbles after South Korea's president declares martial law; euro gains Korean won drops to more than two-year low US dollar trims losses vs yen after JOLTS report China's yuan falls to lowest since November 2023 Recasts, adds new comments, Korean won, U.S. data, FX table, bullets, byline, NEW YORK dateline, updates prices By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON, Dec 3 (Reuters) - The Korean won was one of the biggest movers on Tuesday, plunging against the...
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02.12.24 - 01:57
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SOUTH KOREA S&P GLOBAL NOVEMBER MANUFACTURING PMI AT 50.6 (VS 48.3 IN OCTOBER) (Reuters EN)
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South Korea factory activity picks up on strong Asia demand, PMI shows By Jihoon Lee SEOUL, Dec 2 (Reuters) - South Korea's factory activity rose in November, after two straight months of declines, thanks to improving demand in Asia, a private sector survey showed on Monday. The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 50.6 in November, above the 50 mark that separates expansion from contraction and 48.3 in October....
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08.11.24 - 09:25
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IFC Seoul in acquisition talks for over W3tr (Korea Herald)
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Singapore’s ARA Asset Management is reportedly in talks with Brookfield Asset Management to acquire the International Finance Center Seoul, one of South Korea's largest mixed-use commercial properties, according to sources Friday. Followin...
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