South Korea's National Assembly voted to impeach acting President Han Duck-soo on Friday, intensifying political instability just two weeks after President Yoon Suk Yeol was impeached. The motion against Han passed unanimously, with ruling party lawmakers boycotting the vote. The impeachment stems from Han’s hesitation to appoint Constitutional Court justices, which opposition lawmakers argue is crucial for addressing Yoon’s impeachment case. Han’s impeachment sent financial markets into a downturn, with the Korean won and the Kospi index dropping.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02South Korea's National Assembly voted to impeach acting President Han Deok-su on Friday,
00:07intensifying political instability just two weeks after President Yoon Suk-yool was impeached.
00:12The motion against Han's passed unanimously, with ruling party lawmakers boycotting the vote.
00:18The impeachment stems from Han's hesitation to appoint constitutional court justices,
00:24which opposition lawmakers argue is crucial for addressing Yoon's impeachment case.
00:28Han's impeachment sent financial markets into a downturn,
00:32with the Korean won and KOSPI index dropping.
00:35For all things money, visit Benzinga.com slash GSTV.