South Korean President Yoon Suk Yeol has been banned from leaving the country following an attempt to impose martial law, which was ultimately rescinded, a Justice Ministry official said on Monday, according to Reuters. Yoon apologized for his actions, stating that his political and legal fate lies in the hands of the ruling People Power Party (PPP), but he has refused to resign.
The National Anti-Corruption Bureau confirmed the travel ban, while the Ministry of Defense acknowledged that Yoon remains the supreme commander legally, though his control over power is increasingly contested. Senior military officials have voiced dissent, and the PPP has formed a task force to handle potential political stabilization and Yoon’s anticipated resignation.
Yoon’s attempt to impose martial law on December 3 was intended to counter “anti-state forces” but was annulled six hours later after Parliament unanimously voted against it. In response, several military officials declared they would not comply with any future martial law orders.
The opposition Democratic Party has called for Yoon’s impeachment or resignation, alongside criminal prosecution for alleged treason. Meanwhile, former Defense Minister Kim Yong-hyun was arrested for his role in the attempted declaration of martial law.
This political crisis has raised constitutional concerns, particularly regarding the delegation of presidential authority to Prime Minister Han Duck-soo. Critics argue that the prime minister lacks the democratic legitimacy required for such responsibilities. Opposition leaders warn the crisis could inflict lasting damage on South Korea’s economy, a global semiconductor powerhouse.
South Korea’s Finance Ministry and regulatory authorities have pledged to stabilize financial markets through emergency measures and increased liquidity by the end of December.
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