The impeached president faces an attempt by authorities to arrest him over his short-lived Dec. 3 martial law.

The police are investigating whether President Yoon Suk Yeol tried to lead an insurrection when he declared martial law and plunged the country into crisis.

Government will front-load its budget spending in the first half of 2025 and loosen regulations. Read more at straitstimes.com.

South Korea sharply cut its economic growth forecasts for this year, reflecting the fallout from impeached President Yoon Suk Yeol’s martial law debacle and the clouds hanging over the trade-reliant nation from Donald Trump’s tariff plans.

The Korean economy is expected to grow 1.8 percent this year, the finance ministry said Thursday, marking a significant downgrade from the previous forecast of 2.2 percent made in July last year.

South Korea is headed for another year of weak growth, with over 85% of 34 economists and experts predicting the country’s annual gross domestic product growth falling short of 2% in 2025. Experts note that Korea has entered a low-growth phase,