South Korea's stock market, the KOSPI, is set to reopen at 9am Korean time on Wednesday, December 4 after a shock move by president Yoon Suk Yeol to declare martial law on Tuesday evening.
Parliament quickly met to vote down the measure amid mass protests around the parliamentary building in Seoul. The president, who had cited the dangers of enemies affiliated with North Koreans as one of the reasons for the declaration, then climbed down and rescinded the martial law measure.
The government's 2025 budget had been blocked by parliament by opposition leader Lee Jae-myung's Democratic Party. The Democratic Party has a majority in...
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