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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on February 4, 2025

    Featured image for article about Headlines

    By Ju-min Park

    SEOUL (Reuters) - A top South Korean military commander said on Tuesday he trusted President Yoon Suk Yeol to be making a legitimate decision when he declared martial law, but declined to say if the impeached leader gave orders to "drag" lawmakers out of parliament.

    Army Lieutenant General Lee Jin-woo testified at a Constitutional Court trial reviewing parliament's impeachment of Yoon, who is accused of masterminding insurrection with his short-lived martial law decree of Dec. 3.

    Yoon again played down his martial law declaration, which shocked the country and plunged the industrial powerhouse and a powerful example of democratic resilience into a constitutional crisis that also saw the prime minister being impeached.

    "I still believe it was legitimate and when told to go to parliament, I considered it to be an order," Lee told the court.

    "There was no chance to even think about whether it was illegal or unconstitutional, when the commander in chief, who represents the people, and whom I knew to be a legal expert as a former top prosecutor, spoke to the country and to the world."

    The Constitutional Court is reviewing parliament's impeachment of Yoon on Dec. 14 and will decide whether to remove him from office permanently or reinstate him. If he is removed, a new presidential election must be held within three months.

    Prosecutors have separately indicted Yoon on charges of leading an insurrection. He was arrested last month and is being held at a detention centre.

    Lee, who was the commander of the Army Capital Defence Command, is among a number of senior military and police officers who have been accused of insurrection and abuse of authority.

    Yoon attended the court hearing on Tuesday and said there was no point in debating whether he gave orders to remove lawmakers gathering to vote to lift the martial law when "nothing actually happened."

    Lee declined to answer many of the questions, including whether Yoon had ordered him to use firearms if necessary and break into parliament to remove the lawmakers, saying he was a defendant in a criminal case.

    A copy of the indictment against Yoon seen by Reuters said Yoon allegedly asked the safety minister to cut off power and water to several media outlets considered to be critical of the conservative leader.

    (Reporting by Ju-min Park; additional reporting by Hyunsu Yim; Editing by Jack Kim and Clarence Fernandez)

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