Tag: Korea

Updated on April 4, 2025, at 1:50 p.m. ET TAIPEI, Taiwan – South Korea’s Constitutional Court on Friday upheld President Yoon Suk Yeol’s impeachment, removing him from office following his short-lived imposition of martial law, and possibly paving the way for an easing of tensions with bitter rival North Korea. Yoon was impeached by the opposition-controlled National Assembly in mid-December on charges of violating the constitution and other laws by declaring martial law on Dec. 3. He ordered troops to the National Assembly to stop lawmakers from voting against the…

Surging inflation in North Korea has some people complaining that they need to carry a backpack full of cash just to go shopping, residents in the reclusive country told Radio Free Asia. Despite government attempts to tightly control prices, the cost of many items on informal markets called jangmadang, which became part of the economy after the famine that hit North Korea in the 1990s, have steadily risen. North Korean authorities initially forbid jangmadang, but they gradually allowed the markets because they provided a means for people to survive. Many…