Search results for Yoon Suk Yeol
Finance
Retail investor fund backing advanced industries to launch in May, drawing mixed hopes and worries
Market expectations and concerns are colliding over a retail investor version of South Korea\'s National Growth Fund set to launch in May. The product will raise money from the public to invest in 12 strategic advanced industries and offers income deductions and preferential tax treatment on dividend income. Critics point to a five-year lock-up, liquidity burdens and questions over whether benefits will skew to wealthy investors. Concerns also include potential mis-selling and uncertain returns and dividend rules.
Telecommunications & Media
National Assembly speaker approves Choi Soo-young nomination to broadcast media communications commission
National Assembly Speaker Woo Won-shik approved People Power Party-nominated commentator Choi Soo-young as a non-standing member of the Broadcast Media Communications Commission. The nomination was signed off and transferred to the Ministry of Personnel Management, political circles said. Choi’s final appointment will be decided after personnel vetting and a presidential appointment process. The seven-member commission still lacks 1 standing member allocated to the People Power Party.
General News
Yoon Suk Yeol sentenced to life in prison as court finds insurrection over martial law
Former South Korean President Yoon Suk Yeol was sentenced to life in prison at first instance on charges of being the ringleader of an insurrection linked to the Dec. 3 martial law episode. The court said it was hard to deny he intended to block and paralyse parliamentary activity by sending troops to seal the National Assembly and arrest key figures. It also cited sentencing factors including planning and social costs.