South Korean President Yoon Suk Yeol declared martial law on Tuesday in a televised address, accusing the opposition of attempting to paralyze the administration amid a growing political rift. Yoon stated the decision was necessary to protect freedom and constitutional order while ensuring no impact on foreign policy. The martial law proclamation bans political activities and strikes while imposing media controls. The declaration follows months of deadlock between Yoon’s government and the Democratic Party over budget proposals and impeachment motions. The South Korean win hit its weakest point in over two years following the announcement
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02South Korean President Moon Suk-kyo declared martial law on Tuesday in a televised address,
00:07accusing the opposition of attempting to paralyze the administration amid a growing political rift.
00:12Yoon stated the decision was necessary to protect freedom and constitutional order
00:16while ensuring no impact on foreign policy.
00:19The martial law proclamation bans political activities and strikes while imposing media
00:24controls. The declaration follows months of deadlock between Yoon's government
00:28and the Democratic Party over budget proposals and impeachment motions.
00:32The South Korean won hit its weakest point in over two years following the announcement.
00:36For all things money, visit Benzinga.com slash GSTV.