“Our new program with the IFC builds on a decade and a half’s worth of experience in developing mid-career training for public leaders on policy implementation, which has been critical both to economic growth and to democratic legitimacy,” said Francis Fukuyama, LAD co-founder and Olivier Nomellini Senior Fellow at the Freeman Spogli Institute for International Studies (FSI) at Stanford University.

“The last decade has been a period of profound change in emerging markets infrastructure finance,” added Michael Bennon, Program Manager for CDDRL’s Global Infrastructure Policy Research Initiative. “This program is so timely because the success or failure of infrastructure development increasingly hinges on the capacity and governance of public institutions.”

“I am delighted that LAD has forged this new partnership with IFC,” shared Kathryn Stoner, Mosbacher Director of CDDRL. “By equipping participants to address immediate infrastructure challenges, this new program will lay a foundation for long-term, sustainable economic development in complex political, cultural, and economic environments.”

About IFC

IFC is the largest global development institution focused on the private sector in emerging markets. For more than 60 years, it has leveraged the power of the private sector for global good. Today, it’s using that experience to transform ideas into investments for green growth, inclusive jobs, and impactful projects.

“Delivering strong, bankable PPPs requires planning, strong infrastructure governance, innovative thinking, and close cooperation between partners,” said Linda Munyengeterwa, Global Director of IFC’s Public-Private Partnerships and Corporate Finance Advisory Services. “When it comes to PPPs, governments need to consider all their projects and prioritize and screen projects to determine which are most suited to the PPP model and which are better procured publicly. This training will help key decision makers advance their understanding of key issues affecting the feasibility and success of PPPs to help them leverage their infrastructure programs to better deliver economic and social benefits for their citizens.” 

Story last updated December 15, 2024

On December 3, 2024, South Korean President Yoon Suk Yeol abruptly declared martial law in a dramatic response to the political deadlock that has stymied his tenure, only to rescind the decision six hours later, sparking widespread protests and plunging the nation — one of the United States’ closest allies — into turmoil.

What were Yoon’s motivations? What happens now? What are the implications of the dramatic events for South Korea’s democracy?

Stanford sociologist Gi-Wook Shin, the William J. Perry Professor of Contemporary Korea and the director of APARC and its Korea Program, has written extensively about South Korea’s democratic decay and is the co-editor of the volume "South Korea’s Democracy in Crisis: The Threats of Illiberalism, Populism, and Polarization" (Shorenstein APARC, 2022). This news roundup highlights Shin's commentary on Korea's political turmoil, published in national and international media. We update it as this developing story unfolds.

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Elected in 2022 by a razor-thin margin of less than one percentage point over his left-wing rival, Yoon entered office as a political outsider with an unyielding approach to leadership. “He may have been a successful prosecutor, but he entered politics without much preparation,” Shin told the Financial Times. “He is completely out of touch if he thought he could run the country through martial law.”

Yoon came into power in a toxic political environment, where democratic norms have become increasingly rare. Korean politics, shaped by a winner-take-all electoral system and a dominant presidency, has further heightened the tensions between the executive and legislative branches, writes Shin in a Stanford University Press blog post, explaining the historical and sociopolitical contexts of Yoon’s martial law declaration and its aftermath.

Yoon has been a “lame duck” president since the opposition Democratic Party (DP) secured a landslide victory in the April 2024 National Assembly elections. His audacious martial law declaration was “a surprising last-ditch move to grab political power" in the face of steadily falling approval ratings, Shin told AFP and Vox. But this move “is basically political suicide” that “will only fasten the demise of his political career," Shin added.

On the morning following his short-lived martial law bid, members of the DP submitted a motion to impeach Yoon. “He really has two options: resign or face impeachment,” Shin said in an interview with BBC Newsday. Yoon has lost the public trust, legitimacy, and even his mandate to rule the country. “He should resign, it's better for him and the country, but I doubt that he will,” noted Shin, predicting a political ruckus over impeachment during the coming days and weeks. Watch the complete interview below:

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Should Korean citizens be worried about the future of their democracy? Yes and no, explained Shin in an interview on NPR’s "All Things Considered." In the short term, there will likely be significant political instability and societal uncertainty, with potential economic repercussions, he said. In the long run, however, Shin believes that Korea’s strong democratic institutions will ensure its democracy will prevail. He emphasized that he remains optimistic and encouraged by how swiftly and decisively the martial law attempt failed. Listen to the conversation:

Martial law was last imposed in South Korea in 1980 by Chun Doon Whan, a general who seized power through a coup after the 1979 assassination of President Park Chung Hee — himself a former general who had also used martial law to crack down on student-led dissent during his rule. Chun brutally suppressed civilian protests in the city of Kwangju in May 1980. Many Korean people, including Shin, who was a student at the time, still hold painful memories of this violent episode in Korean history. Shin reflected on that period in an interview on WBUR’s OnPoint program (listen starting 35:24).

But the situation today is very different from when South Korea was fighting against dictatorship, Shin told The Washington Post. “Democracy was not given to the Korean people. It was hard fought and won,” he said. “I believe Korean democracy will come out stronger after this.”

This week’s turn of events has highlighted “both the vulnerabilities and resilience of South Korean democracy”, Shin told the Financial Times. It has exposed challenges and problems including polarization, potential executive overreach, and weakened public trust, "but the swift rejection of martial law by the National Assembly and public outcry demonstrated strong institutional checks, civic engagement, and the opportunity to reinforce democratic safeguards.”

Yoon justified the imposition of martial law as a measure to protect South Korea from the threats of North Korea's communist threat and prevent gridlock by “anti-state” forces, referring to the DP, his liberal opposition.

“I am sure North Korea will be watching the situation very closely and may issue a statement condemning the martial law [...] Other than that, I don't think they will take any immediate action,” Shin told Newsweek in the hours before Yoon reversed course, predicting that Yoon’s ploy would be short-lived as it would face fierce national resistance.

The United States, which has around 28,500 troops stationed in South Korea, was unaware of Yoon's intention to declare martial law. The White House voiced relief over Yoon’s decision to rescind his martial law bid, emphasizing that the United States reaffirms its “support for the people of Korea and the U.S.-ROK alliance based on shared principles of democracy and the rule of law.” Shin believes the alliance is resilient enough to weather Korea’s political turmoil. "I don't think the situation will affect the alliance that much," he remarked on NPR’s "All Things Considered."

A Tumultuous Road Ahead — And Lessons for Democracies Worldwide

What's next for South Korea after the martial law crisis? If Yoon does not resign, then the main opposition party will pursue impeachment. The National Assembly must vote on the motion within 72 hours after it is introduced, and the Constitutional Court has 180 days to make a ruling. A snap election would follow if impeachment is upheld, explains Shin.

The conservative People Power Party (PPP) will need to evaluate carefully the political landscape and their election prospects, and might not necessarily abandon President Yoon. “There is a difference between voting to stop martial law and voting in favor of an impeachment that would likely guarantee an opposition victory in the snap election to follow,” Shin told TIME Magazine.

While PPP leader Han Dong-hoon, once Yoon's protégé, has urged the president to resign, citing “significant risks” to the nation, impeachment poses a tough choice for the ruling party, which remains haunted by the 2017 impeachment of Park Geun Hye, Shin explains in the Journal of Democracy. Conservative leaders lost the snap election following Park's removal and faced intense political retribution under her liberal successor, Moon Jae In. History could repeat itself now, although DP opposition leader Lee Jae Myung is facing trial on multiple criminal charges. "This alternative to Yoon does not appear as promising for Korean democracy as one would hope," Shin notes.

Yoon's doomed power grab is "a stern warning to the world: People should take democratic backsliding in their countries seriously," Shin concludes his Journal of Democracy essay. "If such an event can happen in Korea — an advanced nation long regarded as an exemplary case of the 'third wave' of democratization — then it can happen anywhere that is experiencing similar democratic challenges. This is a critical lesson for democracies worldwide."

As Shin expected, President Yoon avoided impeachment on Saturday, December 7, after PPP lawmakers boycotted a parliamentary vote on the impeachment motion proposed by opposition parties, despite massive public protests outside the National Assembly.

The PPP defended its decision, stating it acted to prevent "severe division and chaos" and pledged to address the crisis "responsibly." PPP leader Han Dong-hoon claimed Yoon had agreed to step down and would be "effectively excluded from his duties," with the prime minister and party taking over governance in the interim.

“I don't think Korean people have the patience to wait for this plan to work out,” said Shin in a BBC News interview. He explained that the ruling PPP is trying to buy time, but Yoon will have to go sooner or later. The opposition parties have declared their intent to file an impeachment motion against Yoon every week until it is passed. With growing public anger and mounting demonstrations, pressure on the ruling party is expected to intensify, Shin said. Watch:

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As Yoon clung to power, the National Assembly passed a bill on December 10 mandating a special counsel to investigate insurrection charges against him. The ruling party "might delay the demise of Yoon's tenure but won't prevent it — its road will be messier," Shin told AFP.

Shin is concerned that this crisis in political leadership and the resulting leadership vacuum spell trouble for South Korea on the world stage. The nation already faces mounting foreign policy challenges with President-elect Trump’s anticipated policies and a new prime minister in Japan. It’s unclear how it can effectively navigate critical issues involving the United States, Japan, North Korea, and China amidst such instability, Shin told BBC News.

Winds of Change

On December 14, South Korea's National Assembly voted to impeach Yoon, passing the motion 204-85 (including a dozen ruling party members) as jubilant crowds celebrated a triumph for the country’s democracy. Yoon's presidential duties were suspended, and Prime Minister Han Duck-soo will take over as acting president. The Constitutional Court now has 180 days to decide whether to remove Yoon from office or reinstate him. If he is removed, a national election to select his successor must be held within 60 days.

Shin believes the likelihood the Constitutional Court will overturn the impeachment is low, as Yoon’s constitutional violations appear quite clear. “Certainly, Yoon will go down in Korean history as a very poor political leader,” he remarked in the latest interview with BBC News, several hours after the impeachment vote.

The day after the passage of the impeachment bill, Han Dong-hoon announced his resignation as leader of the ruling People Power party, saying his position had become untenable after he backed Yoon’s impeachment. The PPP is in turmoil, attempting to buy time to be better prepared for the potential snap election that could follow than it was in the 2017 scenario, Shin explained, expressing skepticism about the PPP’s chances of success. Watch the interview:

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The crisis offers Korean people an opportunity to reflect on their tumultuous democratic journey and push for necessary reforms stymied by political calculations, Shin writes on Stanford University Press’ blog. He explains that addressing the negative consequences of the nation’s extremely powerful presidency and the winner-take-all voting system requires constitutional and electoral reforms.

“Korea’s political culture must also change,” Shin emphasizes. “Demonizing opponents, divisive identity politics, and insular political fandoms and populism have no place in a healthy democracy.”

Additional Media Commentary
 

• The Economist
• Politiken (Danish) 
• Il Messaggero (Italian)
• Caixin Weekly (Chinese)
• Voice of America (Korean)
• Korean Media
  • Fortune Korea
  • The Value News (in Korean)
  • Edaily News (here and here)