i'm steve lai in south korea, where embattled president yoon has a lost the support of his own party chief, who is calling for his suspension. the threat of a larger strike action still looms. and why american consumers are the biggest losers of the proposed tariffs by president—elect donald trump. hello and welcome to business today. i'm steve lai live in seoul. we have seen dramatic developments in south korea, standing in front of the national assembly where behind me meetings are ongoing from

the opposition party as well as the opposition party as well as the ruling party. speaking of the ruling party. speaking of the ruling party. speaking of the ruling party, the chief has called for the swift suspension of the presidential duties, saying citizens could be in a great danger if resident unit remains in power. the comments are during an emergency meeting and suggest a change in the party position, a day earlier it opposed the impeachment of the president over his imposition of martial law. other political parties are holding meetings of their own, parliament is set to vote on a saturday evening on whether the president should be impeached. the largest labour group has called for indefinite industrial action until the current administration steps down. to discuss more about what has been happening, i am joined by someone from fibonacci asset management. thank you forjoining me to talk about this. the benchmark indexis talk about this. the benchmark index is around 1% lower. what do you make of the impact we

see of all this uncertainty in south korea and how it plays out in the market? the market is shaking _ out in the market? the market is shaking down _ out in the market? the market is shaking down notably. - out in the market? the market is shaking down notably. it - is shaking down notably. it includes semiconductor defence as well as banking stocks. there is rumour of second martial law if the president controls the power and as we see the national assembly plan to impeach the president before that happens, it opens the party leader inaudible yesterday however it changed his sense of a two vote for impeachment. we think the impeachment. we think the impeachment legislation will past that is lesion as soon as tonight or tomorrow. the volatility is persisting and we expect to see further volatility down the road. what do ou volatility down the road. what do you think _ volatility down the road. what do you think the _ volatility down the road. what do you think the impact - volatility down the road. what do you think the impact of - volatility down the road. what do you think the impact of a i do you think the impact of a possible impeachment of the president would mean? there is

two possible _ president would mean? there is two possible scenarios. - president would mean? there is two possible scenarios. if- president would mean? there is two possible scenarios. if he - two possible scenarios. if he is impeached by the national assembly, his power would be temporarily suspended. whether he would be fully impeached or not would be determined by a court ruling, however, in the constitution, it says that you need seven judges to review the case but right now there is only six of them. so whether these judges cannot rule the final impeachment is not certain, and provided that they could do this, if one of them actually decides that the impeachment was not proper, then the president would not be impeached, he would be restored back into power. so the possibility of the impeachment is there, even if he is impeached in the congress, it is not necessarily mean this is over. ., . ., , is not necessarily mean this is over. ., , over. that certainly does complicate _ over. that certainly does complicate things -

over. that certainly does complicate things even l over. that certainly does - complicate things even further depending on how things play out over the next 2a hours. thank you for speaking to me. just to let our viewers know the live page for all these developments in south korea is “p developments in south korea is up and running, a lot of updates and reaction from the ground as well as all the meetings happening behind closed doors at the national assembly, updates on their was well, and something we will continue to watch on bbc news and will bring you more over the next hours ahead in this fast—moving story. back to you. a usjudge has rejected a plea dealfor boeing over to make fatal 737 max crashes. the playmaker had agreed with the us government to plead guilty to one count of criminal fraud, facing independent monitoring and pay a $243 million fine. it is another blow for the playmaker that is trying to get

back on track after a year of crisis. donald trump has named david sacks as the incoming administration's white house artificial intelligence and crypto chief. he is the former chief operating officer of paypal and will create a legal framework for the crypto industry. trump has also picked former us senator david perdue to be ambassador to china. meanwhile, the head of a leading us—china business groups says us consumers will be the biggest losers ever if donald trump goes ahead with his tariff proposals. trump has threatened to take action against canada, mexico and china on his first day in office. ben thompson has been speaking to the president of the american chamber of commerce in china. it is frustrating to us sometimes that, number one, companies and consumers are a political football. in the end, companies in the us recognise that they benefit

from trading with china, the frustrating part is that many politicians in the us and consumers in the us do not realise the benefits that us consumers and companies get from trading with china, but it is a lot of work to remind people that tariffs will only hurt those who consume, that are primarily us consumers. the chinese economy itself is in a different position that it was in the first trump presidency, grappling with its own debt crisis, property crisis, unemployment, particularly with young people. does that change the balance of power in these negotiations? china may be forced to come to the table in a way that in the first trump presidency they do not need to? it certainly is true that more recently when the chinese leaders talked, in some ways i would say the were more humble or realistic than the economy does have challenges, the chinese economy is not growing as fast as it used to. it does mean that when foreign companies look at their

production in china or consider additional investments in china that the chinese government is more welcoming of that investment and so recently i had a meeting with a small group of business leaders and they said a couple of things, one, they appreciate companies who participate in the global supply chain don't want that to go away, also hinting that indicators in the economy are, in their view, the chinese economy is recovering, the indicators are strong, so at the same time the chinese government is trying to continue to get support from foreign companies to participate in the chinese economy by making things here and sourcing them here. elon musk and a former presidential candidate vivek ramaswamy have been meeting republican lawmakers on capitol hill. trump has named the entrepreneurs do a task force that aims to overhaul the us government, then call the department of government

efficiency. much remains unclear about how the department will function the billionaires say it will cut regulation spending and headcount within the federal government. iceland often tops world rankings when it comes to gender parity. parental leave conditions for mothers and fathers are so good that nearly 90% of working—age women have jobs, with many having executive positions. but it's also a country with persistently high rates of gender—based violence. the bbc travel there to find out more. iceland became the first country in the world to make it illegal to pay more to men and women for the same job. the push for equality also applies in the home. parental leave here is 12 months. the mother and father can split it equally. that is what this couple are doing. they have five kids. have you ever felt "if i get pregnant, things will be hard "for me at work?"

no, never. i have never felt the pressure i'm not having kids because of my career. 90% of all fathers take paternity leave. research shows that after going back to work, they continue to be significantly more involved. when do you think iceland will close the gender pay gap? my ambition is for iceland to be first to close the gender pay gap, and hopefully by 2030. are things as perfect as they seem? we have been marketed as a feminist paradise, which we are not. at home we are no more safe than women anywhere else in europe. singing we are at a vigil remembering all the icelandic women killed by men. it shows even in a country that is supposed to be a great place for women, things

are farfrom perfect. about 40% of icelandic women have been subjected to physical or sexual violence. because of the rate of violence, the icelandic state is being sued for misogyny. we thought it was completely unacceptable that women were not being taken seriously and we decided to use the european court of human rights to show the icelandic state. now wejust now we just cross our fingers that we will win. do you think the government is doing enough to tackle the issue of gender violence? no, i don't think any government is doing enough. as long as there is gender—based violence, we are not doing enough. it is as simple as that. before we go, taking you back to seoul, that is the national assembly, you can see live pictures where the ruling party is currently holding a meeting in the general assembly. stay

with us on bbc news for all the updates from seoul, thank you for watching.

hey, i'mjulia with the catch up! tonight — updates from the new york shooting, a reggae football shirt and an ugly cat owner's plea. but we'll start in new york where police are searching for a person of interest after the boss of a us insurance company was shot and killed. this is the moment when brian thompson was shot outside a hotel, which police are calling a targeted attack. they've put out pictures of a person wanted for questioning. they're also using facial recognition technology against the person spotted on cctv. investigators say there were words written on the bullet casings found at the scene. the words said: "deny," "defend," and "depose."

some other stories now. tyler kerry, a 20—year—old british tourist, was found dead in a lift shaft in turkey on friday, and his brother has claimed it was murder. their grandmother called it "a family holiday of a lifetime that turned into a nightmare". she said that police were treating mr kerry's death as suspicious. the bbc has reached out to the turkish police but it hasn't heard back yet. and newport county has teamed up with the rock band skindred to create a reggae football shirt. the band got to number two in the uk charts last year. the team will wear the shirt — inspired by the city's caribbean community — in their league two match against carlisle on saturday. and here's 10 seconds of ugly cat confusion. to be honest, i don't think she's that bad. her name is lulu, by the way, but her owner has put out a plea for people to leave the cat alone after strangers keep mistaking herfor a stray and trying to rescue her.

you're all caught up now — see ya! hello and welcome to sportsday. i'm gavin ramjaun. george russell sees red as he calls max verstapen a bully. the mercedes driver also alleges the champion threatened to crash into him intentionally. "one of the darkest and most difficult periods of my life." charlotte dujardin is banned for a year following footage of her excessively whipping a horse. and tottenham's troubles continue — just one win in six now for them after defeat to bournemouth in the premier league.