Politicians in South Korea have voted to impeach president Park Geun-hye over a corruption scandal involving a confidante. If she’s permanently removed from office by the constitutional court (a procedure that could take up to 180 days), snap elections will be called within two months. Largely ceremonial prime minister Hwang Kyo-Ahn is set to become acting president, but with political uncertainty at a high, South Korea’s defense minister has reportedly stepped up the military alert. The KOSPI index closed down on the news, while the won slid 0.6% vs. the dollar.
Politicians in South Korea have voted to impeach President Park over a corruption scandal
