Yoon Suk Yeol acquitted of perjury
Analysis based on 9 articles · First reported May 28, 2026 · Last updated May 28, 2026
The acquittal of former President Yoon Suk Yeol on perjury charges is unlikely to have a significant direct impact on financial markets, as he remains imprisoned for other serious offenses. However, it may slightly reduce political uncertainty in South Korea by resolving one of the many legal cases against him.
Former South Korean President Yoon Suk Yeol was acquitted by the South Korea — Seoul Central District Court of perjury charges. The charges stemmed from his testimony during the insurrection trial of former Prime Minister Han Duck-soo, where Yoon Suk Yeol was accused of falsely testifying about his plans to convene a Cabinet meeting before declaring martial law on December 3, 2024. Special counsel Cho Eun-suk had sought a two-year prison term for Yoon Suk Yeol. The court ruled that it was difficult to determine that Yoon Suk Yeol's testimony was contrary to his recollection, noting a high likelihood he had planned the meeting regardless of Han Duck-soo's suggestion. This acquittal is one development in a series of legal battles for Yoon Suk Yeol, who was previously sentenced to life imprisonment for leading an insurrection and impeached by the National Assembly and South Korea — Constitutional Court of Korea.
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