South Korean officials are calling for calm in financial markets after President Yoon Suk Yeol's controversial martial law declaration.

The Finance Ministry has stated that the impact on markets has been limited so far, despite concerns over the nation's creditworthiness and potential volatility ahead of Donald Trump's anticipated return to power next month.

Finance Minister Choi Sang-mok emphasized the government's commitment to closely monitor market conditions and take necessary actions to stabilize the situation in a meeting with Bank of Korea Governor Rhee Chang-yong and financial watchdog leaders.

This follows a period of turmoil where the cabinet offered to resign en masse in response to the martial law decree, which was quickly nullified by the opposition-controlled National Assembly.

The opposition is now preparing to impeach President Yoon, who has over two years left in his term.