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South Korea Faces Political Turmoil As President Declares Emergency Martial Law

03/12/2024 22:03

According to Odaily, South Korea is currently experiencing heightened political tensions as President Yoon Suk-yeol announced the imposition of 'emergency martial law' late at night. This decision has sparked significant controversy and opposition within the country's political landscape. The main opposition party, the Democratic Party, has swiftly responded by convening its members at the National Assembly. This move underscores the deepening political divide in the nation. Meanwhile, the South Korean won has seen a reversal in its earlier gains, with the US dollar to South Korean won exchange rate climbing higher. The intraday increase has expanded to 1.2%, reflecting the market's reaction to the unfolding political situation. Adding to the complexity, Han Dong-hoon, a leader of the ruling party, has publicly opposed the president's decision to implement martial law. He has criticized the move as a mistake and has vowed to take action to prevent its enforcement. This internal disagreement within the ruling party highlights the contentious nature of the president's decision and its potential implications for South Korea's political stability.

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