South Korea Faces Political Unrest After President Declares Military Emergency

According to Odaily, South Korea is currently experiencing heightened political tensions after President Yoon Suk-yeol declared an “emergency martial law” late at night. The decision has sparked significant controversy and opposition within the country’s political landscape.

The main opposition Democratic Party quickly responded by calling on its members to convene at the National Assembly. The move underscores the deepening political divide in the country. Meanwhile, the South Korean won has reversed its earlier gains, with the US dollar rising against the South Korean won. The intraday gain widened to 1.2 percent, reflecting the market’s reaction to the unfolding political situation.

Adding to the complication, Han Dong-hoon, the leader of the ruling party, has publicly opposed the president’s decision to impose martial law. He has criticized the move as a mistake and vowed to take measures to prevent its implementation. This internal dispute within the ruling party highlights the controversial nature of the president's decision and its potential implications for political stability in South Korea.$XRP