It’s only been 25 years and my buddy is still eating pork knuckle rice, while the days of the South Korean president may be over... There is really a world of difference between Korean dramas and South Korea!
On the morning of January 3, the vehicles of the staff of the South Korean Senior Public Officials Crime Investigation Department drove to the presidential residence in Hannam-dong, Yongsan District, Seoul, and began to execute the arrest warrant for the suspended President Yoon Seok-yeol. However, as the investigators entered the main gate of the presidential residence, they encountered strong obstruction from the Presidential Guard, which clearly stated that "search is not allowed" and prevented the investigators from further entering the official residence building.
According to a report from the Korean news agency on the 3rd, South Korea's 'Joint Investigation Headquarters' has issued an arrest warrant, attempting to execute the arrest lawfully. Along with investigators from the public prosecutor's office, there are also 120 police personnel, totaling about 150 people, but they faced a standoff with troops suspected to be from the Capital Defense Command, resulting in a tense situation on site. Currently, investigators have not successfully entered the presidential residence.
Yoon Suk-yeol's side firmly rebutted this action, stating that the execution of this arrest warrant is 'illegal and invalid', and expressed that they will take all legal measures to respond and challenge the legality and execution process of this arrest warrant. This incident not only sparked widespread public attention but also once again pushed Yoon Suk-yeol's political controversies to the forefront.
If you ask why I am paying such close attention to South Korea, the following data 🧾 indicates that South Korea is also a market that cannot be ignored.
Core data support for the purchasing power of South Korea's cryptocurrency market:
① Trading Volume: South Korea is a major market for cryptocurrency trading globally, having pushed into the top ten in global rankings. Trading volume accounts for 10%-15% of the global market, especially ranking high among mainstream cryptocurrencies like Bitcoin and Ethereum.
② Market Acceptance: According to a report from 2023, about 20% of South Koreans participate in cryptocurrency trading, especially young people (ages 20-30) dominate this activity.
③ Trading Platforms: Major trading platforms in South Korea, such as Upbit, Bithumb, and Coinone, rank among the top in global trading volume, demonstrating strong market purchasing power.
The political background behind this incident is very complex, and Yoon Suk-yeol's image in South Korean politics has plummeted...