Free Trial

SOUTH KOREA: Ruling Party Leader Aiming To Prevent Impeachment

SOUTH KOREA

Headlines have crossed from Yonhap (BBG) that the ruling party leader Han Dong-hoon (of the PPP) has stated they will work to prevent the impeachment of President Yoon (recall that the opposition needs 8 votes from the DPP for the impeachment to succeed). Han reiterated calls for Yoon to leave the PPP though. 

  • Elsewhere, S&P has stated the local political turmoil is unlikely to shift a ratings change within the next couple of years (see this link).
  • Spot USD/KRW is little changed in the first part of dealing, last near 1414/15. Local equities are down a touch, last off 0.40%, after opening up positively. 

 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.