Media and Entertainment Media and Entertainment

South Korea's acting president moves to reassure allies, calm markets after impeachment


Published on 2024-12-15 05:20:50 - Business Times
  Print publication without navigation

  • SOUTH Korea's acting president, Han Duck-soo, moved on Sunday (Dec 15) to reassure the country's allies and calm financial markets a day after President Yoon Suk-yeol was impeached and suspended from his duties over a martial law attempt.

Following the impeachment of South Korean President Park Geun-hye, Acting President and Prime Minister Hwang Kyo-ahn took immediate steps to reassure both international allies and domestic markets. On March 10, 2017, after the Constitutional Court upheld Park's impeachment, Hwang emphasized the government's commitment to maintaining stability and security. He held an emergency meeting with top security officials to ensure that national defense remained robust, particularly in light of ongoing tensions with North Korea. Additionally, Hwang aimed to calm financial markets by affirming that the government would continue to support economic stability and growth, despite the political upheaval. His actions were intended to project an image of continuity and reliability to both South Korea's allies and its economic stakeholders.

Read the Full Business Times Article at:
[ https://www.businesstimes.com.sg/international/south-koreas-acting-president-moves-reassure-allies-calm-markets-after-impeachment ]
Similar Media and Entertainment Articles
[ Sun, Dec 08th 2024 ] - bnnbloomberg