tv Business Today BBC News December 4, 2024 4:30am-4:46am GMT
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the country 's main later. the country �*s main labor union has called for an indefinite general strike until the president resigns. calls for his impeachment are growing. south korea's finance ministry and central bank have plugged to billions of dollars of funds to stabilise financial markets. markets are currently trading lower with the benchmark kospi index down i.7i%. the benchmark kospi index down 1.71%. the korean currency fell after a choppy night reacting to events and south korea. more from an a—listers —— analyst from an a—listers —— analyst from the economist intelligence unit. your reaction in terms of the regional impact of what happened in south korea overnight? i happened in south korea overnight?— happened in south korea overniuht? , , overnight? i think i've because we know there _ overnight? i think i've because we know there have _ overnight? i think i've because we know there have been - overnight? i think i've because we know there have been very| we know there have been very dramatic and it all happened within 12 hours. i would say
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that perhaps it is not a surprise that the south korean political landscape has been acrimonious for so long and the struggle between the people power party and the other major party is a recurring theme in all these years. i think, president yoon is under a lot of pressure for accusations against his wife and other things, imposing martial law as i think in my mind it is a desperate attempt by him to tip the balance in favour of him. but i think given his current weakness both in terms of popularity and the political support, he could not get the result he wants here. i thank the failure and it is unsurprising and there will be more changes to come, we already saw the potential of
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impeachment, so we think that would happen definitely. and it would happen definitely. and it would probably be bringing a totally new government. that seems to _ totally new government. that seems to be _ totally new government. that seems to be what _ totally new government. that seems to be what might - totally new government. that seems to be what might happen next. do you think he will go or do you think he can survive this? i or do you think he can survive this? ~ ., or do you think he can survive this? ~ . ., , this? i think regarding what is next, i this? i think regarding what is next. i mean _ this? i think regarding what is next, i mean impeachment i this? i think regarding what is | next, i mean impeachment will take place soon. and it will may be taken a few months. in our view is that he will go, after the impeachment, this will follow by any election that should take place may be late in the first half of 2025, a new president will come from the major other party. that party will have the presidency and parliament at least before 2027. i would definitely say that the political landscape will change. we
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that the political landscape will change.— will change. we have been heafina will change. we have been hearing from _ will change. we have been hearing from people - will change. we have beenl hearing from people around will change. we have been - hearing from people around the world really shocked at the events, briefly if you can can you spell out how significant this news is? i you spell out how significant this news is?— this news is? i mean, it is very significant, _ this news is? i mean, it is very significant, we - this news is? i mean, it is very significant, we have l this news is? i mean, it is - very significant, we have been watching what has happened. throughout november, so there is let's say a fight between the ftp is let's say a fight between the ptp and the pk party, for many things. there is accusations against as i said president yoon and his wife for her political intervention and other things. abuse of powers things like that. and we also have accusations against the major party leader mr lee. there have been conflicts. conflicts throughout november.
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but it takes a lot of imagination to ready think about imposing martial law. so thatis about imposing martial law. so that is quite significant. tote that is quite significant. we will have — that is quite significant. we will have to _ that is quite significant. we will have to leave it there. an analyst from the economist intelligence unit. thanks for your insights. as markets continue to process the developing story in south korea what does it mean for ages fourth largest economy. a senior counsellor at albright stonebridge group gave us inside. i am telling them to take a deep breath that what happened was quite unexpected and quite shocking but the seeds of democracy and south korea are deep, and solid, and i am confident that, and fortunately things have recovered quickly. and your last speaker was quite right, there will likely be either a resignation or an impeachment of the president. give us a sense of how significant this is, south korea was until now a very
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stable democracy, a good place to put investments, presumably? it is still a very stable democracy. i think we saw what could have in some countries gone terribly off the rails but it did not in south korea. president yoon realised he had miscalculated and rescinded the order a couple of hours later. and again, i think to me it shows the stability of the market, but also we have to recognise south korea has been through a very tumultuous future. i moved to south korea in 1988 right after democratisation so i have seen violent demonstrations. i think we will see some loud demonstrations over the next few days but i expect very little violence. korea has really moved forward with their democracy. we have seen financial officials are meeting along with the central bank, what would you like to see steps, actions in the coming weeks and days, to further stabilise
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the situation? the good news is korea has a very clear path forward, if the president resigns or is impeached, the prime minister becomes the acting president immediately, not to create new policies but to ensure stability. and this particular prime minister, han duck—soo, is on his second time as prime minister, he is very good, well regarded by the international market, he spent four years in the us as ambassador to the united states after being prime minister the first time. so he is a known entity for washington. that will give the markets and soon the american investors strong confidence that korea will recover and recover very quickly. do you think the president has a future? i'm afraid his actions of last night have made
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his future very cloudy. to me, i see really no pathway other than resignation or impeachment. i think he was already one of the least popular presidents and korean history, and i don't see anyone standing with him now. even his own party moved against him last night. plenty more on that story on our website. we have teams on the ground reporting from seoul for the website, and here on bbc news. the unveiling of the jaguar concept car has divided opinion. the unveiling came after letizia video stirred controversy. the uk—based luxury carjohn has been struggling with falling sales
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and things could get even tougher under incoming us president donald trump �*s proposed tariffs. we spoke to the jaguar boss about how he is challenging —— ending the challenges. challenging -- ending the challenges.— challenging -- ending the challenges. challenging -- ending the challenues. , . . , challenges. jaguar unveiled its electric car _ challenges. jaguar unveiled its electric car in _ challenges. jaguar unveiled its electric car in miami _ challenges. jaguar unveiled its electric car in miami it - challenges. jaguar unveiled its electric car in miami it comes l electric car in miami it comes hot on the heels of a video teaser which was lambasted for being an extreme divergence from the british carmakers heritage. but according to the managing director the rebranding achieved exactly what it set out to do. jaguar needs to — what it set out to do. jaguar needs to be _ what it set out to do. jaguar needs to be bold _ what it set out to do. jaguar needs to be bold and - what it set out to do. jaguar. needs to be bold and disruptive in order— needs to be bold and disruptive in order to _ needs to be bold and disruptive in order to cut through and get our message across. clearly there — our message across. clearly there has_ our message across. clearly there has been of a lot of attention on the brand and if you think_ attention on the brand and if you think about what a tease fill and — you think about what a tease fill and that is what you are referring _ fill and that is what you are referring to the job is to indicate _ referring to the job is to indicate something interesting is coming to get people '5 attention and over the last couple _ attention and over the last couple of weeks we have had that — couple of weeks we have had that but _ couple of weeks we have had that but what it meant was — when we _ that but what it meant was — when we unveiled behind me we
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will have — when we unveiled behind me we will have more eyeballs upon us. will have more eyeballs upon us in — will have more eyeballs upon us. in that context strategy was _ us. in that context strategy was successful while its rebranding was a gamble there is a key— rebranding was a gamble there is a key market the karma maker is a key market the karma maker is betting — is a key market the karma maker is betting on for growth. for jauuar is betting on for growth. for jaguar which _ is betting on for growth. er?" jaguar which hopes to break into the us the threat of tariffs on imports by donald trump could pose a significant challenge. trump could pose a significant challenge-— challenge. north america is a really important _ challenge. north america is a really important market - challenge. north america is a really important market for i really important market for jaguar _ really important market for jaguar we think it will be our most — jaguar we think it will be our most important one. we are refugees— most important one. we are refugees from delivering cars to north _ refugees from delivering cars to north america it will be the end of— to north america it will be the end of 2026. not exactly clear what _ end of 2026. not exactly clear what tariffs will be introduced or not — what tariffs will be introduced or not and how they operate but what _ or not and how they operate but what we — or not and how they operate but what we will have to do is respond _ what we will have to do is respond to those as and when they— respond to those as and when they come. either way we still see this — they come. either way we still see this market being very important forjaguar. a key feature jaguar _ important forjaguar. a key feature jaguar 's _ important forjaguar. a key feature jaguar 's new - important forjaguar. a key | feature jaguar 's new brand feature jaguar �*s new brand going all electric by 2025, despite a slowdown in electric vehicle cars the ceo sees a strong appetite for luxury electric vehicles in the future and that is what they are preparing for.—
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and that is what they are preparing for. and that is what they are --rearin~ for. ., ., ., preparing for. for more on the developments _ preparing for. for more on the developments in _ preparing for. for more on the developments in south - preparing for. for more on the developments in south korea. developments in south korea stay with us. that's it for this addition of business today stop to stay watching.
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hey, i'm aisling with the catch up. tonight, georgia harrison's consent campaign, tiktok awards, and a tasty christmas village. new plans to give victims of online stalking more protection have been put forward by the government. they want to hand out tougher punishments to those doing it too. victims will also be told the identity of the person stalking them sooner, instead of having to wait until it goes to court. and there will be more stalking protection orders to keep suspected offenders away from their victims. the new plans are for people in england and wales. love island's georgia harrison has launched a campaign designed to start conversations about consent. the influencer says her inbox was flooded with young people's stories after her former partner was convicted of sharing a private sexual video without her consent. she hopes her involvement will make this subject easier to talk about.
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tiktok is hosting its first uk and ireland awards. 72 creators, with a combined follower count of over 101 million, have been nominated for awards across 12 categories. they're in london tonight for the awards, hosted by none other than michelle visage. have any of your faves been nominated? time now for 10 seconds of gingerbread. now its december, christmas festivities are under way. villagers in hungary have made their own community out of gingerbread. it features 100 houses, some local businesses and churches. there's even a working train. you're all caught up now. have a great night.
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hello and welcome to sportsday. i'm gavin ramjaun. wales hold on to make history as they seal their spot at next year's women's euros. ruud's up and running. the new leicester boss begins his reign at the king power with a win over west ham. and tiger woods says the "fire still burns" to compete but he remains sidelined by injury heading into 2025.
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hello there and welcome along to the programme. the start of an action—packed week in the premier league to come. but first, to the history—making exploits of wales, who've qualified for a major women's football tournament for the first time. they managed to come through a nervy contest against the republic of ireland, in dublin, winning the match 2—1, but it was so close towards the end. the victory sending them through to next year's women's european championship in switzerland. jo currie was there, on a night that will go down in welsh history. this night will live long in the memory of the welsh fans. when they finally come down from the ceiling, they can look forward to major tournament football next summer for the first time. wales weathered the earlier pressure from the republic of ireland and when the referee awarded a penalty it was coolly dispatched. carriejones doubled their lead with a pinpoint finish and at that point, the dream of wales was very much on.
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