Arrest of Impeached South Korean President Yoon Suk Yeol

Investing.com—Impeached South Korean President Yoon Suk Yeol was arrested by authorities on Wednesday following a botched attempt to impose military law in the country in late 2024, local media reports showed.

Reports indicated that investigators entered Yoon’s Presidential compound in their second attempt this month to execute an arrest warrant, successfully apprehending the impeached president.

Yoon will now face trial on insurrection charges after his unsuccessful attempt to impose martial law in December. This move was widely opposed by citizens and policymakers, leading to nationwide protests and calls for Yoon’s removal.

Deputy Prime Minister Choi Sang-mok assumed the role of acting President after South Korea’s parliament voted to impeach Yoon.

Following Yoon’s arrest, South Korean markets—previously shaken by the political scandal in December—have shown signs of stability. The benchmark KOSPI index rose by 0.5% on Wednesday, while the won’s USD/KRW pair remained flat.