Political Climate:
Impeachment Proceedings: South Korea is experiencing significant political unrest due to the impeachment trial of President Yoon Suk Yeol. Massive rallies have taken place in Seoul, with citizens expressing both support and opposition to the president. The Constitutional Court is expected to announce its decision soon, a verdict that could have profound implications for the nation's political landscape.
Calls for Calm: Acting President Choi Sang-mok has urged citizens to respect the forthcoming court decision regarding President Yoon's impeachment. He emphasized the importance of maintaining public order and warned against actions that defy public authority.
International Relations:
'Sensitive' Country Designation: The U.S. Department of Energy has recently classified South Korea as a "sensitive" country. This designation, effective from April 15, 2025, comes in response to discussions within South Korea about potentially developing nuclear weapons and a brief declaration of martial law by President Yoon. While there are no immediate restrictions on scientific and technological cooperation, South Korea is actively negotiating with Washington to mitigate any potential adverse effects.
Market Access Discussions: The United States has called on South Korea to improve access to its markets, particularly concerning agricultural products and technology sectors. South Korean Trade Minister Cheong In-kyo has been in discussions with U.S. officials, seeking exemptions from impending U.S. tariffs expected to be announced on April 2.
Currency Exchange:
South Korean Won to US Dollar: As of March 17, 2025, the exchange rate is approximately 1 South Korean Won (KRW) equal to 0.000689 US Dollars (USD). Consequently, 10,000 KRW is equivalent to about 6.89 USD.
Entertainment:
K-Drama Premiere: The medical K-drama "Hyper Knife" is set to debut on March 19, 2025, as part of the anticipated Disney+ Hotstar Korea slate. This series adds to the growing list of South Korean dramas gaining international attention.
Please note that the situation is evolving, and it's advisable to consult official sources or reputable news outlets for the
most current information.