South Korea’s conservative party, second-largest in the National Assembly
The Seoul Central District Court has found former president Yoon Suk Yeol violated political funding laws by receiving free polling services and exerting undue influence over party nominations. He remains in detention and is appealing multiple convictions linked to martial law in 2024 and an insurrection case. The ruling is part of a broader wave of trials surrounding Yoon.
Korean markets have surged on memory-chip leaders but volatility has risen as leveraged ETFs and retail buying amplify moves. Regulators are debating limits while investors eye AI-driven earnings, but concerns about valuations and risk persist.
The Independent and AP News report that ousted President Yoon has been sentenced for election-law violations, with prison terms suspended. The rulings center on false statements about a fortune teller and connections to the Unification Church. The court orders repayment of about 40 billion won in government-approved election expenses if the verdicts are upheld. Yoon appeals while remaining in custody.
Starbucks Korea faces a police raid over a controversial “Tank Day” marketing campaign tied to the 18 May Gwangju uprising. Investigators have seized documents as part of an insult suspicion case after widespread backlash and the company’s leadership changes.
The Seoul Central District Court has found Han Hak-ja, 83, guilty of illegal political donations and bribery related to efforts to influence South Korea's political scene. The court has handed two-year sentences across involved parties, and related cases of Kim Keon Hee are noted with earlier and subsequent penalties.