The president also provoked anger when he refused to fire top officials after a 2022 Halloween night disaster, in which 159 people were killed, he was accused of protecting his “yes men”.
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Yoon has slammed the warrant as “illegal” and says they will take legal action in response.
The impeachment suspends Yoon from office for 180 days while the Constitutional Court decides whether to restore the controversial leader or cement the parliament’s decision.
He told South Koreans he needed to free the country from North Korean forces trying to “paralyse the essential functions of the state”.
Yoon Suk Yeol declared martial law last month and was soon after sacked by the country’s parliament while a criminal investigation was launched.
Seoul residents turned up to the parliament and protested – forming a human shield against the heavily armed troops.
But the martial law decree was only in place for six hours as Yoon buckled to public pressure and mass protests that quickly formed.
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Yoon, the former prosecutor famous for investigating corruption cases, had become embroiled in his own scandals.
They were also accused of being under the influence of an unknown unelected power broker who – through Yoon – was exercising power on party affairs.
They have reportedly encountered a military unit which appears to be protecting the president and are now engaged in a standoff.
Despite being impeached, Yoon declared he would “not give up” and called for officials to maintain government stability.
His wife Kim Keon Hee became embroiled in a scandal after she was accused of influence peddling.
Brave MPs and staffers battled the soldiers with fires extinguishers and built barricades from office furniture.
Despite stating his martial law decree was to root out supposed North Korean influence, many believed this move was made to protect himself.
Despite the president’s strong denial, his approval rating plummeted to below 20%.
He was then impeached on December 14 in an overwhelming vote that also saw members of his own party vote for it.
The decision to issue and execute an arrest warrant lies with the Public Prosecutor’s Office.
Officials from the Corruption Investigation Office for High-ranking Officials (CIO) had arrived gates of Yoon’s compound shortly after 7am.
Kim Keon Hee sparked outrage after she was caught allegedly accepting a 3m won (£1,800) luxury Dior handbag from a supporter.
The arrest of a sitting president would be unprecedented in Korean politics.
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