Word: impeachment
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...finally was restored for a floor vote, and all that energetic wrath was focused on one man: South Korean President Roh Moo Hyun. After a vote tally of 193-2, National Assembly Speaker Park Kwan Yong gravely announced that the legislature had garnered the two-thirds majority necessary to impeach Roh, plunging the country into a political crisis...
...violation of South Korea's election code?and pretext enough for his enemies to wage constitutional war. The country's Presidents are supposed to remain impartial, and Roh received a light rebuke from South Korea's election commission for the comment. When Roh refused to apologize, lawmakers moved to impeach him. For good measure, they also cited as grounds for kicking him out of office his alleged mismanagement of the nation's economy, along with a recent flurry of campaign-financing scandals that have involved several close Roh aides?though the President himself was never directly implicated...
...poisoned South Korean politics in the past year. Most damaging for Roh, a self-declared corruption fighter, were the campaign-finance scandals involving his aides, which caused the President's approval ratings to plunge below 30% and sparked the first hints by opposition lawmakers that they might move to impeach...
...Byung Yul immediately protested the veto by launching a hunger strike and ordering GNP lawmakers to boycott the National Assembly. The GNP wants to prove that after the elections, Roh's aides accepted illegal donations with the President's knowledge. "If we find that Roh's involved, we'll impeach him," says GNP lawmaker Hong Joon Pyo. Another GNP legislator, Won Hee Ryong, remarks, "To put it in football terms, this is about who can stay on offense until the April [legislative] elections...
...peso tanked to its lowest level in a century. The Central Bank governor quickly announced that the markets weren't freaking out over Poe alone but were reacting to "a series of events over the last four weeks." Indeed: a band of congressmen tried (unsuccessfully) to impeach the Chief Justice of the Supreme Court; the administration of President Gloria Macapagal Arroyo saw a mini-exodus of officials, including respected Finance Secretary Jose Isidro Camacho; kidnap gangs ran riot in Manila; power blackouts were predicted for vast stretches of the country. And the day Poe became a candidate, a shadowy group...