More Political Turmoil In Seoul

South Korean President Roh Moo Hyun is expected to survive the impeachment motion submitted on Mar. 9. The motion alleges he illegally took sides in the runup to the Apr. 15 general elections. Korean law forbids civil servants, including the President, from calling for support for any party in elections. The National Assembly has until Mar. 12 to pass the motion, which requires a two-thirds majority of the current 270 members, but that's unlikely, given rifts in opposition ranks. Still, the impeachment drive adds to the turmoil that has marked the Roh administration since he was inaugurated in February, 2003, discouraging investment.

Edited by Rose Brady

Before it's here, it's on the Bloomberg Terminal.