Who Is Han Duck-soo, South Korea’s Acting President after Yoon Impeachment?

 South Korean Prime Minister Han Duck-soo speaks during a plenary session held relating to the martial law declaration, at the National Assembly in Seoul, South Korea, Wednesday, Dec. 11, 2024. (AP)
South Korean Prime Minister Han Duck-soo speaks during a plenary session held relating to the martial law declaration, at the National Assembly in Seoul, South Korea, Wednesday, Dec. 11, 2024. (AP)
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Who Is Han Duck-soo, South Korea’s Acting President after Yoon Impeachment?

 South Korean Prime Minister Han Duck-soo speaks during a plenary session held relating to the martial law declaration, at the National Assembly in Seoul, South Korea, Wednesday, Dec. 11, 2024. (AP)
South Korean Prime Minister Han Duck-soo speaks during a plenary session held relating to the martial law declaration, at the National Assembly in Seoul, South Korea, Wednesday, Dec. 11, 2024. (AP)

Prime Minister Han Duck-soo, who became South Korea's acting president after Saturday's impeachment of Yoon Suk Yeol, is a career technocrat whose wide-ranging experience and reputation for rationality could serve him well in his latest role.

With parliament's impeachment vote against Yoon passed after his short-lived attempt to impose martial law, Yoon is suspended from exercising presidential powers, and the constitution requires the prime minister to take over in an acting role.

In a country sharply divided by partisan rhetoric, Han has been a rare official whose varied career transcended party lines.

He faces a challenging task of keeping government functioning through its gravest political crisis in four decades, while also dealing with threats from nuclear-armed neighbor North Korea, and a slowing economy at home.

His tenure as acting president could also be threatened by criminal investigations into his role in the martial law decision.

Han, 75, has served in leadership positions for more than three decades under five different presidents, both conservative and liberal.

His roles have included ambassador to the United States, finance minister, trade minister, presidential secretary for policy coordination, prime minister, ambassador to the OECD, and head of various think-tanks and organizations.

With a Harvard doctorate in economics, Han's expertise in the economy, trade and diplomacy as well as a reputation for rationality, moderate demeanor and hard work has made him a regular go-to man in South Korean politics.

Han has been prime minister since Yoon's term began in 2022, his second time serving in the role after a stint as prime minister under former president Roh Moo-hyun in 2007-2008.

"He has served in key posts in state affairs solely through recognition of his skills and expertise, unrelated to political factions," Yoon said when appointing Han in 2022, echoing words used to describe him when previous administrations tapped him for key positions.

"I think Han is the right candidate to carry out national affairs while overseeing and coordinating the Cabinet, with a wealth of experience that encompasses public and private sectors."

Han has experience working with South Korea's key ally the United States, having been deeply involved in the process of signing the US-South Korea Free Trade Agreement.

Fluent in English, he was appointed South Korea's ambassador to the United States in 2009, working in Washington at a time when current US President Joe Biden was vice president, and contributed to Congress approving the Free Trade Agreement in 2011.

Han has also served as board member of S-Oil, a South Korean refining unit of Saudi Aramco.

"He is a civil servant through and through who didn't take on a political color despite working under (five presidents)," said a former high-ranking government official who declined to be identified.

Han's role in leadership is expected to last for months until the Constitutional Court decides whether to remove Yoon or restore his powers. If Yoon is removed, a presidential election must be held in 60 days, until which Han will stay at the helm.

The main opposition Democratic Party has filed a complaint against Han to be included in the investigations for failing to block Yoon's attempt at martial law.

If parliament decides to impeach Han, the finance minister is next in line among cabinet members to serve as acting president.

South Korea's Constitution does not specify how much the prime minister is empowered to do in carrying out the leadership role.

Most scholars say the prime minister must exercise limited authority to the extent of preventing paralysis of state affairs and no more, although some say he can exercise all the powers of the president, as the constitution put no restrictions.



US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
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US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)

The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the US maintains pressure on Tehran.

The move came after Iran said its latest peace proposal to the United States over the US-Israeli led war that started February 28 involves ending hostilities on all fronts including Lebanon, the exit of US forces ‌from areas close ‌to Iran, and reparations for destruction caused by ‌the ⁠conflict.

The Treasury Department ⁠imposed sanctions on the Iran-based Amin Exchange, also known as Ebrahimi and Associates Partnership Company, which it said has a widespread network of front companies spanning multiple jurisdictions, including in Türkiye and Hong Kong.

The US also blocked 19 vessels it said were involved in shipping Iranian petroleum and petrochemicals to foreign customers.

The Treasury ⁠Department said Iranian exchange houses facilitate billions of dollars ‌in foreign currency transactions a year, ‌enabling the government to evade sanctions and access the international financial system. It ‌said the front companies oversee hundreds of millions of dollars ‌in transactions on behalf of Iranian banks.

"Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes," Treasury Secretary Scott Bessent said in a release. "As Treasury systematically dismantles Tehran’s shadow banking system and shadow fleet under Economic ‌Fury, financial institutions must be alert to how the regime manipulates the international financial system to ⁠wreak havoc."

The sanctions block US assets of those designated and prevent Americans from doing business with them.

The US also designated vessels for transporting Iranian-origin oil, petroleum products and petrochemicals including the Barbados flagged liquefied petroleum gas tanker Great Sail, the Palau-flagged products tanker Ocean Wave, and the Panama-flagged chemical/oil tanker Swift Falcon.


Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
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Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)

Israel's far-right finance minister Bezalel Smotrich said Tuesday that the International Criminal Court prosecutor has requested an arrest warrant against him, accusing the Palestinian Authority of pushing for the move.

Smotrich said he would retaliate by ordering the evacuation of the Palestinian Bedouin community of Khan al-Ahmar in the occupied West Bank.

"Last night I was informed that the criminal prosecutor of the antisemitic court in The Hague has filed a request for an international arrest warrant against me," Smotrich told a news conference broadcast on his X account Monday.

"As a sovereign and independent state, we do not accept hypocritical dictates from biased bodies that time and again take a stand against the State of Israel," he added, without disclosing the charges for which the warrant has been requested.

The ICC prosecutor's office said it was "unable to comment on media speculation or questions related to any alleged application for a warrant of arrest".

In November 2024, the ICC issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, to face accusations of war crimes and crimes against humanity over Israel's actions during its war against Hamas in Gaza.

- 'Declaration of war' -

"Immediately upon the conclusion of my remarks here, we will sign an order to evacuate Khan al-Ahmar," Smotrich said, calling the warrant request "a declaration of war".

More than 750 people live in the community of Khan al-Ahmar, around 10 kilometers east of Jerusalem's Old City in the central West Bank and surrounded by Israeli settlements.

The Palestinian Authority's Settlement and Wall Resistance Commission urged the international community to stop the move.

"Targeting Khan al-Ahmar is part of a long-term strategic settlement project... through which Israel seeks to create complete settlement contiguity that would separate the northern West Bank from its south," the commission's minister, Muayad Shaaban, was quoted as saying.

Peace Now, an Israeli settlement watchdog, also denounced the move.

"The Minister of Expulsion and Annexation seeks to take revenge on The Hague and the international community at the expense of one of the most vulnerable communities," it said.

Khan al-Ahmar sits near land Israel plans to use for its controversial E1 development project that would facilitate settlement expansion in the area near Jerusalem.

Smotrich, who lives in a settlement himself, is a staunch proponent of Israel annexing the West Bank.

"Under this government, we see that for the first time they've approved the very sensitive and significant plan of E1, and they're going ahead with plans to annex that entire region," Lior Amihai, Peace Now's executive director, told AFP.

"In order for them to annex the entire region, they need to also expel the Palestinian communities from there and Khan al-Ahmar is one of them," he added.


EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
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EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)

The European Union criticized Tuesday the latest US waiver of sanctions on Russian oil, announced while G7 finance ministers were meeting to reach a common response to multiple economic challenges.

Washington's move aims to help lower energy prices that have skyrocketed since the US and Israel launched attacks on Iran in February, effectively shutting the Strait of Hormuz to Gulf oil tanker traffic.

But EU economics commissioner Valdis Dombrovskis denounced the extensions, which have given Moscow a financial boost as it pursues its war against Ukraine.

"From the EU point of view, we do not think that this is a time to ease pressure on Russia," Dombrovskis told journalists while arriving for a second day of G7 talks in Paris.

"In fact, Russia is the one which is gaining from the war in Iran and the increase in fossil fuel prices," he said. "If anything, we would need to strengthen the pressure."

US Treasury Secretary Scott Bessent is in Paris for the Group of Seven talks hosted by France, which currently chairs the group's rotating presidency.

"Secretary Bessent was reassuring us that this is a temporary measure, but we know that it's already a second extension of the measure which initially was meant to last only 30 days," Dombrovskis said.

French Finance Minister Roland Lescure said a joint statement would nonetheless be made following talks that are to wind up Tuesday.

"We've had extremely frank discussions between people who do not necessarily agree on everything, but who are able to talk about everything," he told journalists.

The talks aim to keep dialogue open as trade feuds spurred by US President Donald Trump's tariff blitz compound geopolitical tensions.