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South Korean President Yoon Suk-yeol survived an impeachment motion after his ruling party boycotted the vote, which was triggered by his recent attempt to impose martial law. The opposition plans to revisit the measure, while Yoon has pledged not to attempt martial law again, apologizing for the incident. Amid political turmoil, South Korea's financial markets remain volatile, with warnings of potential impacts on the Korean won.
South Korea's parliament narrowly rejected a motion to investigate First Lady Kim Keon Hee over alleged stock manipulation and election interference, with 102 lawmakers voting against the bill. This comes amid rising tensions as protests erupt in Seoul ahead of impeachment proceedings against President Yoon Suk Yeol, whose popularity has been affected by his wife's controversial actions, including accepting an expensive designer handbag criticized as a bribe.
South Korean President Yoon Suk Yeol declared martial law for the first time in 50 years, citing threats from opposition groups. This move has sparked political turmoil, leading to an impeachment motion against Yoon and public protests, while the markets reacted with a temporary weakening of the Korean won. The outcome of the impeachment vote is anticipated to influence market stability moving forward.
Kim Keon-hee
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