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South Korea's Parliament to Vote on Impeaching Acting President [Yahoo! Finance Canada]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Most Read from Bloomberg The vote is scheduled for Friday afternoon at the National Assembly. The main opposition Democratic Party filed the impeachment motion on Thursday after Han resisted pressure to immediately appoint three judges to fill vacancies at the Constitutional Court. If the vote passes, it would mark the first time an acting president has been impeached in South Korea, and comes less than two weeks since President Yoon Suk Yeol was suspended for briefly instituting martial law. Finance Minister Choi Sang-mok would be next in line to take over as interim leader. Democratic Party holds 170 seats in the 300-member National Assembly, which it considers sufficient to impeach Han, who's also prime minister. However, questions remain about the number of votes needed, as suspending a president requires 200 votes, while impeaching a prime minister needs only 151. The South Korean won declined 0.5% against the dollar to its weakest since 2009. While the won, like other c Show less Read more
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