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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 January 10, 2025

    Featured image for article about Headlines

    By Hyunjoo Jin and Hyonhee Shin

    Seoul (Reuters) - South Korean President Yoon Suk Yeol's security chief said on Friday the impeached leader, who faces arrest over a criminal probe into his Dec. 3 martial law bid, has been unfairly treated for a sitting leader and warned bloodshed must be avoided.

    Park Chong-jun, head of the Presidential Security Service (PSS), is himself under investigation for obstructing official duty related to a six-hour standoff last week between PSS agents and investigators trying to execute an arrest warrant for Yoon.

    Arriving at police headquarters for questioning, Park, who is a former senior police official, said the current attempt to arrest a sitting president is wrong and Yoon deserved treatment "becoming of" the country's status.

    "I believe there should not be any physical clash or bloodshed under any circumstances," Park told reporters, adding acting President Choi Sang-mok has not responded to his request for safety assurances for officials involved.

    Hundreds of PSS agents blockaded the presidential compound and thwarted investigators from trying to arrest Yoon. The investigators were pulled back because of the risk of a clash.

    Officials of the Corruption Investigation Office for High-ranking Officials (CIO), which is leading the investigation, have said PSS agents were carrying firearms during the standoff although no weapons were drawn.

    The investigators obtained a new arrest warrant this week after the embattled leader defied repeated summons to appear for questioning.

    On Thursday, lawyers for Yoon said the arrest warrant was illegal and invalid.

    Yoon is under a separate Constitutional Court trial reviewing parliament's impeachment of the suspended leader on Dec. 14 to decide whether to remove him from office permanently or reinstate him.

    (Reporting by Hyunjoo Jin and Hyonhee Shin; Writing by Jack Kim, Editing by John Geddie, Ed Davies)

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