South Korea Emergency Battle Report: Martial Law Triggers Political and Economic Storm

A shocking turn of events in South Korean politics late at night! President Yoon Suk-yeol suddenly declared martial law, a news bomb that shattered the tranquility. Opposition party members were left in shock, and the entrance to the National Assembly was quickly sealed off. They immediately rose up in protest, vowing to overturn this 'illegal and unconstitutional' decision. Opposition leader Lee Jae-myung condemned the move in anger, warning that the military may be preparing to take action against lawmakers, as tensions soared.

The financial markets reacted like startled birds, with the Korean won plunging against the US dollar, dropping nearly 1% to reach a two-year low. The dollar-yen exchange rate also fell below the 149 mark, hitting a new low since October. Panic spread, and investors rushed into safe-haven assets, with bonds and the yen becoming a refuge.

The fog surrounding this martial law is thick, is it a budgetary dispute or is there a deeper crisis hidden? US Treasury yields first fell and then rose, experiencing extreme volatility, as the market treaded carefully. Yoon Suk-yeol has appointed a martial law commander, and the military announced a ban on parliamentary activities, as a political storm sweeps across South Korea. The global gaze is firmly fixed, awaiting the developments of this crisis.

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