A political crisis has erupted in South Korea after President Yoon Suk Yeol's sudden declaration of martial law was met with fierce opposition. The move, intended to restrict political activities and control the media, led to a dramatic standoff between the president and lawmakers. Troops entered the National Assembly, but were forced to retreat after protests and fire extinguishers were used to push them back. Yoon quickly rescinded the martial law hours later after parliament overwhelmingly rejected it.
In response, opposition parties have introduced an impeachment bill, which could be voted on within days. Meanwhile, citizens gathered in Seoul for a candlelight vigil, echoing past protests that led to the impeachment of former President Park Geun-hye. The political chaos has taken a toll on South Korea’s stock market, with shares falling sharply.
Despite the president’s attempt to justify his actions, critics argue that this move threatens South Korea's democratic values. As protests grow, the government is trying to reassure financial markets, while the political fallout continues to unfold.
Disclosure: This list is intended as an informational resource and is based on independent research and publicly available information. It does not imply that these businesses are the absolute best in their category. Learn more here.
Stay informed with the best tips, trends, and news — straight to your inbox.
By submitting I agree to Brand Vision Privacy Policy and T&C.