i am steve lai in south korea. proceedings south korea. to impeach president proceedings to impeach president yoon are underway.

we should take heart that the democratic process in south korea worked. the president, in my view very unwisely, decided to declare martial law, to deal with a live political impasse between the two parties, and there is originalityjust my reality in south korea, very divided public, very fragmented political, not fragmented, but very divided political scene in which parties have been alternating in power, they've been alternating in their control of the assembly and the presidency.

now we have an unusual situation in which a korean president would have been, may still be the only grand president to serve only with an opposition in control of the parliament and been confrontations in elections but i think they will work their way through it. it seems to me that most likely right now they are entering into an impeachment process with the opposition pushing for impeachment. ijust learned from you that the government party seems to be resisting that, but in some fashion, they will work through this impeachment process and some point have another election, and the democracy will live on, and i think... one of the things i take heart from is realising that the current prime minister of south korea, who is appointed by the president, is a very stable

man, a very steady hand on the process, a long—time civil senior seventh and ambassador to the united states, and ifeel very confident that he will manage this, this process better than almost anyone else could. the us and south korea are allies and they have a lot the korean yuan plunged the night before on wednesday as a result of that declaration of martial law. the bank of korea has also stepped in to stabilise markets. expert vishnu gave me a sense of the central bank's plans.

the bank of korea has stepped up. the very prompt response to be the liquidity provider of last resort has helped shore up markets. while we recognise the knee—jerk drop in the markets when the martial law implication came through, when underappreciated lovers downside, so the they will continue to play that role very dynamically and judiciously, so that will help to shore up some of the confidence, but at the same time, they found the south in the greater dilemma this time, the reason being i think that the bok just got into a position where they are more comfortable cutting rates to give some economic relief, economic stimulus as the housing prices have started to cool. nevertheless, if the korean won is going to face more downward

pressures, particularly in fits and starts amidst political uncertainty, the bok might be somewhat more constrained in its ability to cut rates just in case they end up exacerbating downside in the korean won. the bok have direction of travel of policy is more, they have scope to cut down they will be providing ample liquidity, but these things come at a fairly high cost and the trade—offs will be sharp with markets sentiments are not holding up and volatility is accentuated. won plunged the night before on wednesday as a result of that declaration of martial law. the bank of korea has also stepped in to stabilise markets. expert vishnu gave me a sense of the central bank's plans. the economic impacts, this uncertainty, brought about by that declaration of martial law on tuesday night. to get you up to speed with the latest — i can tell you from our live page at bbc.com — some opposition law—makers are concerned there will be another attempt to impose martial law. they're impose martial law. they�* re staying impose martial law. they're staying close to the national assembly grounds. that is where we are at the moment. that building behind me. that is the national assembly. they're staying close to the grounds here so that they can vote down

any such declaration if it happens to be made again — that's something we'll be keeping a close eye on here in the coming hours on bbc news. in the meantime, here's more of business today. thanks a lot, steve. in other news: bitcoin has crossed the 100,000 dolomite for the first time. we will bring you the latest as and when we get it. many thanks for watching business today. donald trump has promised to create a national stockpile of bitcoin. here's more on this. i can see that the bitcoin actually climbed further and it's now come down a bit and stabilised around $102,000. why is this happening? figs stabilised around $102,000. why is this happening?— is this happening? as you said, the message — is this happening? as you said, the message from _ is this happening? as you said, the message from the - is this happening? as you said, | the message from the incoming trump administration appears to be clear. but it's just unthinkable to believe that, to think that, bitcoin was worth

almost nothing only 15 years ago when it started trading. i'm sure many people will be kicking themselves thinking, "i wish i bought it back then." i have to say, though, the price of bitcoin has always been known to be extremely volatile. we've witnessed the price going on a roller—coaster ride many times over the last decade. but the message and the mood has definitely changed since donald trump was elected as the next us president. this news of the price crossing $100,000 actually came after mr trump said that he would nominate paul atkins as the chair of the country's financial watchdog and, of course, mratkins previously had spoken favourably towards deregulating cryptocurrencies. this comes after gary gensler, the current chair of the securities exchange commission, said that he would step down on day1 after mr trump had publicly said that he would fire mr

gensler on day 1. mr gensler was a known sceptic of the cryptocurrency, calling it "the wild west". so, an indication that the united states would be more friendly to cryptocurrencies when we saw that price crossing $100,000. interesting that it came many hours after mr trump's announcement that he would nominate mr atkins. i have to say at it asia is home to some of the largest number of crypto traders in the world, mainly in south korea, china and india, just to name a few.— south korea, china and india, just to name a few. many thanks for keeping _ just to name a few. many thanks for keeping across _ just to name a few. many thanks for keeping across that - just to name a few. many thanks for keeping across that story - for keeping across that story for keeping across that story for us. before we go, some other news: police in new york are searching for a gunman who shot dead a top medical insurance executive outside a hotel. the attacker lay in wait for brian thompson, who was the head of united health care. investigators say they don't know the motive of the assailant. the attack unfolded in one of the busiest parts of man hatpen, close to the tourist magnets of times square and central park, in an area

where shootings are extremely rare. 0n the money rare. 0n the money markets, rare. 0n the money markets, all rare. 0n the money markets, all three major us stock indexes have closed up fresh record highs. the dowjones industrial the dow jones industrial average, the dowjones industrial average, s&p 500, and nasdaq were left higher by technology stocks and expectations of lower interest rates. the maker of guinness has had to limit the amount that uk pubs can buy in the run—up to christmas. diageo says there's been exceptional demand in recent weeks. the firm has been working at 100% production capacity. guinness has been rising in popularity with women and young people, and the recent rugby internationals have also put a strain on supplies. do stay with bbc news. there'll be plenty more on our top story — the leader of south korea's governing party says he will try to convince colleagues to block an impeachment vote against him. the opposition is trying to force mr yoon from office over his botched attempt to impose martial law. we did

just hear that we're not expecting a statement from the president today on thursday. you'll find plenty more on our website. do stay with tv for more on that story. that's it for this edition of business today.

relationship red flags — what have we learned about them in the classroom? he have we learned about them in the classroom?— the classroom? he was contacting _ the classroom? he was contacting siblings - the classroom? he was contacting siblings and | the classroom? he was . contacting siblings and our friends. ,, ., , contacting siblings and our friends. ,, . , ., friends. she had every right to end that relationship. - friends. she had every right to end that relationship. these . end that relationship. these are the life-saving - end that relationship. these are the life-saving lessons i end that relationship. these i are the life-saving lessons the are the life—saving lessons the parents of murdered teenager holly newton are passing on to pupils. a study out today found almost half of 13— to 17—year—olds who've been in a relationship have suffered

physical violence or controlling behaviour from a partner. a multibillion—pound russian money—laundering operation has been taken down in a sting. 71 people have been arrested in the uk alone, but the network stretches across 30 countries. the moscow—based operation, headed by this woman, swapped cash from street gangs in the west for untraceable west for u ntra cea ble cryptocurrencies. some other stories now: would you say porridge counts as a junk food? certain types of these will now fall under a newjunk of these will now fall under a new junk food of these will now fall under a newjunk food advertising ban. new junk food advertising ban. it newjunk food advertising ban. it also classes muesli and unsweetened yoghurt as a specific type of food. and — wales make history, qualifying for the euros. time now for ten seconds of spotify wrapped. taylor swift the top artist of the year, with more than 26.6 billion

streams globally. sabrina carpenter's espresso is the song that comes out on top. you're all caught up now. have a great night. hello, and welcome to sportsday. i am 0lly foster. the slot machine's winning run comes to a halt, leaders liverpool are held at newcastle. after a seven—game itch, manchester city are back in the groove, the champions taste victory for the first time since october. and — sumo's grand tournament is returning to the grand setting of the royal albert hall next year.

hello there. it was a thrilling night in the premier league, 25 goals scored across the six matches. let's start at st james park where leaders liverpool dropped points for only the third time this season. they came from behind twice at newcastle and then led 3—2 in the 90th minute only for fabian shar to capitalise on a goalkeeping error to equalise from a tight angle. newcastle had led 1—0 at half—time thanks to a brilliant strike from alexander isak and then led again through anthony gordon after curtis jones had equalised. mo salah thought he'd won it for liverpool, he scored twice, put them ahead for the first time, only for schar�*s late strike to get a share of the points — 3—3 it finished. it was again a great game to watch. so this is what we do lately. with the exception of us not winning today because the last few times we won. but there were moments

in the game that i thought, "ok, if we go away with the draw, i am happy about it," before the end, 3—2 up, but of course it is a disappointment. there was a feeling that, when you play liverpool,