On December 3, South Korean President Yoon Suk Yeol declared martial law, citing threats from "anti-state forces" and alleged North Korean sympathizers. This unprecedented move, the first since the 1980s, aimed to suspend political activities and control media narratives. The decree faced immediate backlash, with the National Assembly convening an emergency session. Despite military attempts to block access, lawmakers voted unanimously to nullify the martial law declaration. Under mounting political pressure, President Yoon rescinded the order approximately six hours later.

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The incident has intensified calls for his impeachment, with opposition parties and even members of his own party questioning his leadership. Public sentiment mirrors this discontent, as mass protests erupted nationwide, demanding Yoon's resignation. The episode has raised concerns about the resilience of South Korea's democracy and its implications for regional stability.

•  Ishares Msci South Korea ETF (EWY)some text
  • -3.3% (1W)

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