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Free Malaysia Today
27-05-2025
- General
- Free Malaysia Today
Seoul slaps travel bans on former acting presidents
South Korea's ex-leader Yoon Suk Yeol was formally stripped of office last month. (EPA Images pic) SEOUL : South Korean authorities have imposed travel bans on two former acting presidents as part of an investigation into ex-leader Yoon Suk Yeol's December martial law bid, Yonhap news agency said today. 'Police said on May 27 that former prime minister Han Duck-soo and former finance minister Choi Sang-mok have been banned from leaving the country as they are being investigated as suspects in an insurrection case,' Yonhap reported, adding the ban came into effect in mid-May. Yoon was formally stripped of office last month after being impeached and suspended by lawmakers over his Dec 3 attempt to subvert civilian rule, which saw armed soldiers deployed to parliament. He is currently on trial on insurrection charges over that declaration. If found guilty, Yoon would become the third South Korean president to be found guilty of insurrection – after two military leaders in connection with a 1979 coup. For charges of insurrection, Yoon could be sentenced to life in prison or the maximum penalty: the death sentence. South Koreans go to the polls next week to elect Yoon's successor, capping months of political turmoil since the martial law declaration. Career bureaucrat Han had been touted as a possible candidate to replace him. The ruling People Power Party (PPP) this month was forced to backtrack after trying to revoke former labour minister Kim Moon-soo's candidacy in favour of Han.
Arab News
27-05-2025
- Politics
- Arab News
Seoul slaps travel bans on two former acting presidents: Yonhap
SEOUL: South Korean authorities have imposed travel bans on two former acting presidents as part of an investigation into ex-leader Yoon Suk Yeol's December martial law bid, Yonhap news agency said Tuesday.'Police said on May 27 that former prime minister Han Duck-soo and former finance minister Choi Sang-mok have been banned from leaving the country as they are being investigated as suspects in an insurrection case,' Yonhap reported, adding the ban came into effect in was formally stripped of office last month after being impeached and suspended by lawmakers over his December 3 attempt to subvert civilian rule, which saw armed soldiers deployed to is currently on trial on insurrection charges over that found guilty, Yoon would become the third South Korean president to be found guilty of insurrection — after two military leaders in connection with a 1979 charges of insurrection, Yoon could be sentenced to life in prison or the maximum penalty: the death Koreans go to the polls next week to elect Yoon's successor, capping months of political turmoil since the martial law bureaucrat Han had been touted as a possible candidate to replace ruling People Power Party (PPP) this month was forced to backtrack after trying to revoke former labor minister Kim Moon-soo's candidacy in favor of Han.
Business Post
25-04-2025
- Business
- Business Post
Live news: Intel shares pop as Leixlip cuts confirmed; Ozempic copies restricted in US
Welcome to the Business Post's Live News section. We're here all day to keep you up to date on developments in business, tech and current affairs. 08.00 - Ozempic copies restricted after US judge denies injunction A US judge on Thursday rejected a bid by compounding pharmacies to keep making copies of Novo Nordisk's popular diabetes and weight-loss drugs Ozempic and Wegovy while a legal challenge over drug shortages unfolds, court records showed. The decision came in response to a February lawsuit from a compounding industry group against the US Food and Drug Administration's decision that there was no longer a shortage of the medicines' active ingredient, semaglutide. Compounders copy brand-name medicines that are in short supply by combining, mixing or altering drug ingredients to meet demand. Reuters has more. 07.50 - Intel shares pop as job cuts confirmed raising fears for Leixlip Intel, the chipmaker with significant operations in Ireland, gave a weak forecast for the current period and said it's cutting workers to bring costs in line with the business's smaller size. Its share rose 4.37 per cent in trading on Thursday as it confirmed plans to cut jobs while announcing second-quarter revenue will be between $11.2 billion and $12.4 billion (€10.88 billion). That compares with an average of analysts' estimates of $12.9 billion. The chipmaker's shares have risen 13.7 per cent this week as the reports first emerged that it planned to cut 20 per cent of its global workforce. Emma Hanrahan reports. 07.35 - South Korea calls for 'calm, orderly' talks with the US amid hopes of a tariff deal by early July South Korea has asked for 'calm' and 'orderly' discussions with the U.S. on trade issues, as Asia's fourth largest economy reportedly seeks to work out a deal with the US by July to avoid tariffs. In the so-called '2+2' talks in Washington, Choi Sang Mok, the South Korean Finance Minister and Ahn Dukgeun, the trade and energy minister met with US treasury secretary Scott Bessent and US trade representative Jamieson Greer on Thursday. CNBC has more. 07.20 - Asian markets update Asian markets climbed on Friday and closed higher upon hopes that there may be an easing of the trade war between China and the US. In Japan, the Nikkei rose 1.9 per cent to close in the green, while Hong Kong's benchmark Hang Seng was up 0.9 per cent when the bell rang. Bloomberg reported that China is considering waiving its 125 per cent tariff on certain American goods and the country's Shanghai Composite closed the trade 0.35 per cent higher. Among other key indices, the Kospi climbed 1.1 per cent, while the small cap Kosdaq rose 0.9 per cent, as South Korea reportedly inches closer to striking a trade deal with the US, according to CNBC. 07.10 - Good morning Good morning from the Business Post. Megan O'Brien here to keep you up to date on all the latest in business and current affairs throughout the day. Start your morning by catching up on how the sweeping tariffs introduced by US President Donald Trump have begun to take a toll on Irish science and IT jobs.
