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SOUTH KOREA: Choi Agrees To Appoint Justices, Lowers Risk Of Third Impeachment

SOUTH KOREA
EM BulletHomepagemarkets-real-timeAPACPolitical RiskPolitical Risk BulletSouth KoreaBulletEmerging Market News

Acting South Korean President, Choi Sang-mok, announced he will appoint two Constitutional Court justices immediately, and fill a third open position on the nine-member bench when rival parties reach an agreement. The decision will relieve pressure on Choi as the opposition Democratic Party has pledged to impeach successive acting presidents until the bench is filled, escalating the risk of a protracted political crisis. 

  • VOA notes: “Choi... decided to appoint Jeong Gye-seon, a justice recommended by the main opposition Democratic Party, and Cho Han-chang, recommended by the ruling People Power Party," but will hold off on the other open position until an agreement is reached.
  • Choi said: "I decided to appoint the Constitutional Court justices because of the need to end the political uncertainty and social conflict as soon as possible and stop a possible crisis in the economy and people's livelihoods."
  • In a statement earlier today, Choi said, "[South] Korea is in an unprecedentedly serious situation... The government will do its best to run state affairs stably in all areas of defence, diplomacy, economy and society for the people to feel relieved."
  • With a full slate of justices in place, the court is more likely to reach a majority agreement to uphold charges against impeached president Yoon Suk-yeol within the allotted 180 days, clearing the path for a political resolution to the crisis.
  • Reuters reports: "Choi said the government would come up with support measures for small businesses and the self-employed in a timely manner to invigorate domestic demand, while working closely with related agencies to keep financial and foreign exchange markets stable."
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Acting South Korean President, Choi Sang-mok, announced he will appoint two Constitutional Court justices immediately, and fill a third open position on the nine-member bench when rival parties reach an agreement. The decision will relieve pressure on Choi as the opposition Democratic Party has pledged to impeach successive acting presidents until the bench is filled, escalating the risk of a protracted political crisis. 

  • VOA notes: “Choi... decided to appoint Jeong Gye-seon, a justice recommended by the main opposition Democratic Party, and Cho Han-chang, recommended by the ruling People Power Party," but will hold off on the other open position until an agreement is reached.
  • Choi said: "I decided to appoint the Constitutional Court justices because of the need to end the political uncertainty and social conflict as soon as possible and stop a possible crisis in the economy and people's livelihoods."
  • In a statement earlier today, Choi said, "[South] Korea is in an unprecedentedly serious situation... The government will do its best to run state affairs stably in all areas of defence, diplomacy, economy and society for the people to feel relieved."
  • With a full slate of justices in place, the court is more likely to reach a majority agreement to uphold charges against impeached president Yoon Suk-yeol within the allotted 180 days, clearing the path for a political resolution to the crisis.
  • Reuters reports: "Choi said the government would come up with support measures for small businesses and the self-employed in a timely manner to invigorate domestic demand, while working closely with related agencies to keep financial and foreign exchange markets stable."