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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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