According to PANews, after the South Korean National Assembly passed the impeachment of President Yoon Suk-yeol, the government's economic team entered a 'crisis management' mode. Starting from the 15th, South Korea will hold daily emergency meetings to discuss economic issues and countermeasures.
A spokesperson for the South Korean Ministry of Economy and Finance stated that Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok will hold emergency meetings daily with heads of economic departments, with the first meeting scheduled for 3 PM local time on the 15th.
Previously, the martial law turmoil in South Korea led to market fluctuations, stock market turbulence, and the Korean won's exchange rate against the US dollar fell to a two-year low. Although the sovereign credit rating was not downgraded, international rating agencies warned that if the political crisis continues, the risk of economic downturn will increase.