South Korean shares fell nearly 2% at the open on Wednesday (December 4) but later pared losses after President Yoon Suk Yeol lifted a surprise martial law declaration, which had sent the won to multi-year lows. The benchmark KOSPI index opened down 1.4%, and the Korean won hit a two-year low of 1,443.40 before recovering slightly. Yoon's decision followed a parliamentary vote against the martial law decree, alleviating some market concerns. The political crisis continues as President Yoon and the opposition-controlled parliament clash over the budget and other contentious issues, further contributing to economic uncertainty.
#SouthKorea #KOSPI #KoreanWon #MartialLaw #YoonSukYeol #PoliticalCrisis #StockMarket #OppositionClash #EconomicUncertainty #ParliamentaryVote #KoreanEconomy #PoliticalTurmoil
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