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South Korea Parliament Votes to Impeach President Park Geun-hye

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  • South Korea Parliament Votes to Impeach President Park Geun-hye

SEOUL, South Korea — South Korea’s Parliament voted on Friday to impeach President Park Geun-hye, an aloof conservative who took a hard line against North Korea and rose to power with strong support from those who revered her father, the military dictator Park Chung-hee.

The vote against Ms. Park, the nation’s first female leader, followed weeks of damaging disclosures in a corruption scandal that has all but paralyzed the government and produced the largest street protests in the nation’s history. Her powers will now be suspended as the Constitutional Court considers whether to remove her from office.

Ms. Park has been accused of allowing a shadowy confidante, the daughter of a religious sect leader, to exercise remarkable influence on matters ranging from choosing top government officials to her wardrobe, and of helping her extort tens of millions of dollars from South Korean companies. The scandal, which gained national attention less than two months ago, has cast a harsh light on collusion between the presidency and big business in one of Asia’s most dynamic economies.

A total of 234 lawmakers voted for impeachment, well over the required two-thirds threshold in the 300-seat Parliament. The vote was by secret ballot, but the outcome indicated that nearly half of the 128 lawmakers in Ms. Park’s party, Saenuri, had joined the opposition in moving to oust her.

Parliament’s motion for impeachment, accusing Ms. Park of “extensive and serious violations of the Constitution and the law,” will now be taken up by the Constitutional Court, which has six months to decide whether the charges are true and merit her ouster.

Prime Minister Hwang Kyo-ahn, a former prosecutor and staunch defender of Ms. Park, will serve as acting president in the meantime. If the court votes to remove Ms. Park, South Korea will hold an election for a new president in 60 days.

The political turmoil ushers in a period of uncertainty as South Korea faces a slowing economy, a growing nuclear threat from North Korea and a more assertive China. Ms. Park had adopted a tough stance toward the North, focusing on stronger sanctions, and had agreed to deploy an American advanced missile defense system that infuriated the Chinese.

Her unpopularity increases the chances of a liberal candidate winning the next election, possibly upending her North Korea approach and steering the country closer to China.

Domestically, her undoing provides the latest example of how corruption and influence-peddling remain entrenched at the top echelons of political and corporate life in South Korea.

The nexus of industry and political power has fueled South Korea’s transformation from a war-torn agrarian country into a global economic powerhouse, yet the ties between government and business have yielded recurring corruption scandals.

Ms. Park, 64, came to power in early 2013, backed mostly by older Koreans who had hoped she would be a contemporary version of her father, often viewed as the modernizer of South Korea.

Instead, she became the least popular leader since the country began democratizing in the late 1980s, according to recent polls. Critics said she was authoritarian and used state power to muzzle critics while shielded by a coterie of advisers.

The vote for impeachment in the National Assembly, South Korea’s Parliament, was a victory both for the opposition and the huge crowds of South Koreans who filled central Seoul for the past six weekends demanding that she resign immediately or face impeachment. Recent surveys showed that a vast majority of South Koreans agreed with the demonstrators.

“It is a victory of the people’s will and Korea’s democracy,” said Kang Won-taek, a professor of political science at Seoul National University. “It is Korea’s glorious revolution, achieved without blood and without any serious violence.”

The last time South Koreans took to the streets to kick out an unpopular leader, in 1960, they had to fight bloody battles with police officers armed with rifles.

That uprising forced Syngman Rhee, the country’s founding and authoritarian president, to resign and flee into exile in Hawaii. Vice President Lee Ki-poong, a Rhee confidant who was at the center of a corruption scandal, and his family ended their lives in a group suicide as mobs approached their home in Seoul.

In subsequent decades, when South Koreans demanded more democracy, their military dictators, including Ms. Park’s father, brutally suppressed them through martial law, torturing and even executing their leaders.

In 1987, violence erupted again as people took to the streets to demand free presidential elections, forcing the military government to back down.

This time, in a sign of how far South Korea’s democracy has matured, peaceful crowds achieved their goal without a single arrest. Increasingly large numbers of protesters gathered in the capital, including about 1.7 million people on Saturday — the largest protest in South Korean history.

The protesters sang and danced to rock music and put flower stickers on police buses. They marched, some pushing baby carriages, while uniformed officers stood aside. And they neared Ms. Park’s presidential compound, chanting that she should step down immediately or face impeachment.

Ms. Park became the first South Korean president to suffer such a fate since 2004, when the National Assembly moved to impeach Roh Moo-hyun for violating election law. Two months later, the Constitutional Court ruled that Mr. Roh’s offense was too minor to justify impeachment and restored him to office. But Ms. Park faces much more serious accusations.

Still, it is difficult to predict when and how the Constitutional Court will rule on Ms. Park’s fate. The process will buy time for Ms. Park’s embattled party to recover from the scandal and prepare for the next presidential election if the court decides to formally unseat her.

If a liberal candidate wins the next election, the plan for the American missile deployment could be in trouble. Although none of the politicians cited as potential presidential candidates has specified that they would reverse the plan if elected, liberals have criticized the deployment, saying that South Korea should pursue a more balanced diplomacy between Washington and Beijing.

That may present a challenge for the incoming administration of Donald J. Trump, as he deliberates over whether to adjust Washington’s approach toward North Korea’s advancing nuclear-missile program.

Ms. Park joins the ranks of South Korean leaders who have been disgraced near the end of their terms, with their relatives or aides implicated in corruption scandals. An exception was Ms. Park’s father, who was assassinated in 1979 at the height of his dictatorial power and before anyone dared to bring corruption charges against him.

His and subsequent governments had favored a handful of family-owned conglomerates with tax benefits, lucrative business licenses and buy-Korea and anti-labor policies. In return, the businesses were accused of returning the favors with bribes and suspicious donations.

Through the years, top corporations have been rocked by recurring corruption scandals, including the one that implicated Ms. Park and her confidante, Choi Soon-sil.

In 1988, business tycoons were hauled into a parliamentary hearing to be questioned about millions of dollars they gave to a foundation controlled by the military dictator Chun Doo-hwan.

The scene repeated this week, when nine business leaders, including Jay Y. Lee, the vice chairman of Samsung, and Chung Mong-koo, the Hyundai chairman, appeared at another parliamentary hearing to be questioned about millions of dollars they gave to two foundations controlled by Ms. Choi.

Ms. Choi has been indicted on charges of leveraging her influence with Ms. Park to extort the money from the businesses. Prosecutors have also identified Ms. Park as a criminal suspect, a first for a president, though she cannot be indicted while in office.

The businessmen admitted giving the money, confirming that the requests had come directly from Ms. Park or her aides.

Hur Chang-soo, chairman of GS Group and the head of the Federation of Korean Industries, the pro-business lobby group that coordinated the donations, put the situation this way: “It is difficult for businesses to say no to a request from the government. That’s the reality in South Korea.”

NY Times

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

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University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

University of Ibadan (UI) on Friday announced it is going ahead with resumption on February 20 despite the second wave of COVID-19.

In a statement released by the school, the First Semester of the 2020/2021 academic session will commence virtually on February 20, 2021.

The virtual academic session will last for 13 straight weeks and end on Friday May 12, 2021, while the matriculation ceremony will hold on Tuesday March 16, 2021.

The University of Ibadan also scheduled one week for the Finalization of Continuous Assessment, to begin from Mon. 17 May and ends Friday 21 May.

The rising number of COVID-19 cases has compelled the Senate to approve the virtual academic session in an effort to ensure the tertiary institution abides by the protocols established by the Federal Government to curb the spread of the pandemic.

“It, therefore, agreed that the 2020/2021 First Semester lectures will be delivered online. In this regard, students will not be accommodated on campus,” a statement from the school said.

“Senate also approved the cancellation of the 2019/2020 session. The next session is, therefore, renamed 2020/2021 Academic Session. Consequently, students who have been admitted for the 2019/2020 session will now be regarded as the 2020/2021 intakes.

“Kindly note that online opening of Registration Portal and Orientation Programme for the 2020/2021 intakes may commence ahead of the Sat 20/02/21 date indicated above,” the statement said.

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House of Representatives Impeached Trump Over Capitol Invasion

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House of Representatives Impeached Trump Over Capitol Invasion

The United States House of Representatives on Wednesday impeached President Trump for the second time after instigating the US Capitol invasion.

Led by Speaker of the House, Nancy Pelosi, 232 representatives, including 10 Republicans, voted to impeach the outgoing president against 197 that voted for him to remain in the office for the next six days when he would handover to the president-elect, Joe Biden.

The ten Republicans were Representatives Liz Cheney of Wyoming, the party’s No. 3 leader in the House; Jaime Herrera Beutler of Washington; John Katko of New York; Adam Kinzinger of Illinois; Fred Upton of Michigan; Dan Newhouse of Washington; Peter Meijer of Michigan; Anthony Gonzalez of Ohio; David Valadao of California; and Tom Rice of South Carolina.

Speaking before the vote, Pelosi said “a constitutional remedy that will ensure that the Republic will be safe from this man who is so resolutely determined to tear down the things that we hold dear and that hold us together.”

“He must go. He is a clear and present danger to the nation that we all love,” she said, adding later, “It gives me no pleasure to say this — it breaks my heart.

Republicans, who unanimously stood behind president Trump in 2019 during his first impeachment, were divided this time over the attack on Capitol.

A Republican representative from California, Kevin McCarthy, said “The president bears responsibility for Wednesday’s attack on Congress by mob rioters,” Mr. McCarthy said. “He should have immediately denounced the mob when he saw what was unfolding.”

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US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

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Joe Biden Economic Impliccations on Nigeria

US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

The joint congress of the United States on Thursday, January 7, 2021 certified Joe Biden as the 46th President of the United States following President Trump’s mob action that disrupted the congress joint proceeding on Wednesday.

After ordering his followers to disrupt proceedings on Wednesday, President Trump later announced that there will be an orderly transition on January 20.

Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th,” Trump said in a statement issued by White House Deputy Chief of Staff Dan Scavino.

“I have always said we would continue our fight to ensure that only legal votes were counted. While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!” Trump added.

While the certification was just a mere formality as Biden had secured enough electoral college votes (270) required to clinch the world’s most powerful seat, the refusal of Donald Trump to accept the results of the November 2020 election made the session a keenly watched, especially after Trump mob disrupted a joint session of the Senate.

Also read Facebook, Twitter, Instagram Lock President Trump Out of Their Platforms Following Insurrection

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