कोशिश गोल्ड - मुक्त
South Korea's political drama was worthy of applause
Mint Mumbai
|December 19, 2024
Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions
-

South Korea, an Asian industrial giant known for its efficiency, this month provided a political drama of unbelievable blundering even as its president exhibited a surreal disregard for constitutional propriety. On 3 December, embattled president Yoon Suk Yeol, who was impeached Saturday, declared martial law.
But in a comedy of fortunate errors, transport helicopters for special army troops were delayed by 40 minutes because they did not have clearance from the air force to enter a no-fly zone near parliament. In that time, lawmakers repealed Yoon's declaration of martial law. Huge crowds appeared outside parliament to protest against martial law, forcing Yoon to withdraw the order hours later.
Prime Minister Han Duck Soo has stepped in to act as interim leader while a court decides on the validity of Yoon's impeachment for his attempt to impose martial law. Yoon's tenure since 2022 had been characterized by Gangnam-style clumsiness and ineptitude. Even so, lessons loom large for several reasons. Across the world, growth is slowing. Korea posted 0.1% quarter-on-quarter GDP growth for the third quarter, just as Germany did this week, with the German Bundesbank slashing forecasts. This is bad news for an incumbent government anywhere, as Olaf Scholz's coalition, which lost a confidence vote this week, in Germany is likely to learn when early elections are held in February.
यह कहानी Mint Mumbai के December 19, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Mumbai से और कहानियाँ

Mint Mumbai
Vodafone Idea seeks further relief on AGR dues in SC plea
Vodafone Idea, which owes ₹83,400 crore in AGR dues, had sought a ₹45,000 crore waiver
2 mins
September 30, 2025
Mint Mumbai
ECB in talks to ease extra capital rules
The European Central Bank (ECB) is in talks with major banks about relaxing extra capital rules for lenders working with India’s sovereign bond clearing house, after a regulatory dispute with New Delhi threatened to disrupt billions of rupees in government debt and interest-rate derivatives trading.
1 min
September 30, 2025

Mint Mumbai
Indian auto chases Europe EV dream
Cos acquire struggling European firms for design, expertise
2 mins
September 30, 2025
Mint Mumbai
Focus back on TCS woes as former Al boss quits
Tata Consultancy Services Ltd's struggle to sell AI services and products to clients is back in the spotlight, even as the legacy offshoring business grapples with uncertain demand and barriers in the US, its largest market.
2 mins
September 30, 2025

Mint Mumbai
India plans to slash red tape, roll out red carpet for FDI
The effort is led by DPIIT under the commerce ministry, which oversees FDI policy review
2 mins
September 30, 2025

Mint Mumbai
Personal shoppers lift India’s premium fashion retail sales
Stylists help customers mix and match outfits, boosting confidence and setting brands apart
2 mins
September 30, 2025

Mint Mumbai
Peet’s Coffee latest in foreign F&B brands wooing India
India is fast emerging as a hub for international food and beverage (F&B) brands, driven by rising affluence, a young aspirational consumer base, and delivery platforms like Zomato and Swiggy that lower operating costs.
2 mins
September 30, 2025
Mint Mumbai
Sahara arm seeks nod for Adani sale
The Sahara India Commercial Corp. Ltd (SICCL) has moved the Supreme Court seeking its permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Pvt. Ltd.
1 min
September 30, 2025

Mint Mumbai
Pentagon pushes to double missile production for potential China conflict
Military leaders are urging defense contractors to increase assembly of 12 critical weapons
4 mins
September 30, 2025
Mint Mumbai
Kedaara raises funds for first CV for assets
Kedaara Capital Investment Management Ltd, one of India’s largest local private equity firms, has closed its first continuation vehicle (CV) at $300 million, people familiar with the matter said.
1 min
September 30, 2025
Listen
Translate
Change font size