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Political Showdown in South Korea: Yoon Suk-yeol vs. Lee Jae-myung

In December 2024, South Korean President Yoon Suk-yeol announced a "state of emergency," triggering a constitutional crisis and leading to a drop in cryptocurrency prices. Yoon described this move as a measure to maintain order, accusing the opposition party and mentioning the North Korean threat, but it was actually aimed at his political rival, Lee Jae-myung.

The animosity between the two has a long history, spanning battles from the prosecution system to the presidential election and judicial accountability. Yoon Suk-yeol narrowly won in 2022, and although Lee Jae-myung lost, his influence did not wane. In 2023, Lee Jae-myung was indicted and arrested on corruption charges, prompting his supporters to protest, claiming it was political retaliation.

Lee Jae-myung, who rose from humble beginnings through self-education, previously served as mayor and governor, implementing policies that benefited the public and earning a good reputation. He is popular among young voters on social media and has been compared to Donald Trump. Despite facing criminal charges, he is still regarded as a strong candidate for the presidency in 2027.

Lee Jae-myung was acquitted in his first trial for "instigating false testimony," leading to rallies by progressive and conservative supporters before the verdict. Yoon Suk-yeol's approval rating fell to 17%, nearly losing control of the government. After Lee Jae-myung's arrest, he garnered more sympathy, with supporters labeling it as political persecution.

Yoon Suk-yeol declared a state of emergency, while Lee Jae-myung called it illegal, urging protection for the National Assembly. This confrontation is not only about personal grievances but also reflects issues within South Korea's democratic system. The significant divide between conservatives and progressives has led to a more fractured society. The Lee Jae-myung case has become a litmus test for South Korea's political civility and social stability.

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