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SOUTH KOREA: Court Sets Impeachment Trial Dates; Standoff Prevents Yoon Arrest

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

The Constitutional Court has announced the five dates that it will hold hearings as part of the impeachment trial of suspended President Yoon Suk-yeol. In an effort to speed up the process amid political paralysis, the court will hear arguments on Tuesdays and Thursdays starting on 14 January. With the Lunar New Year holidays excluded, the final hearing will take place on Tuesday 4 February. The number of hearings could be increased depending on the number of witnesses called by each side to give evidence. 

  • Yonhap News reports, "The legal community expects that the conclusion of [the] impeachment trial will be announced in March at the earliest. [...] However, President Yoon's side is demanding a "fair trial" and is demanding that the trial be held within the full 180-day statutory deadline. According to this argument, a conclusion will be reached in mid-June of this year."
  • The Court's decision comes in the aftermath of a tense standoff at the presidential palace. Corruption Investigation Office for High-ranking Officials (CIO) officers and police attempted to enforce an arrest warrant against Yoon earlier today. However, Presidential Security Service (PSS) and military personnel blocked their way, leading to a six-hour standoff that resulted in the CIO's withdrawal without executing the warrant.
  • It remains unclear what the CIO's next steps will be. Political events could overshadow the 6 Jan US-South Korea Foreign Ministers meeting announced today, with the South Korean admin in chaos and the Biden administration entering its final weeks. 
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The Constitutional Court has announced the five dates that it will hold hearings as part of the impeachment trial of suspended President Yoon Suk-yeol. In an effort to speed up the process amid political paralysis, the court will hear arguments on Tuesdays and Thursdays starting on 14 January. With the Lunar New Year holidays excluded, the final hearing will take place on Tuesday 4 February. The number of hearings could be increased depending on the number of witnesses called by each side to give evidence. 

  • Yonhap News reports, "The legal community expects that the conclusion of [the] impeachment trial will be announced in March at the earliest. [...] However, President Yoon's side is demanding a "fair trial" and is demanding that the trial be held within the full 180-day statutory deadline. According to this argument, a conclusion will be reached in mid-June of this year."
  • The Court's decision comes in the aftermath of a tense standoff at the presidential palace. Corruption Investigation Office for High-ranking Officials (CIO) officers and police attempted to enforce an arrest warrant against Yoon earlier today. However, Presidential Security Service (PSS) and military personnel blocked their way, leading to a six-hour standoff that resulted in the CIO's withdrawal without executing the warrant.
  • It remains unclear what the CIO's next steps will be. Political events could overshadow the 6 Jan US-South Korea Foreign Ministers meeting announced today, with the South Korean admin in chaos and the Biden administration entering its final weeks.