crossorigin="anonymous"> After the impeachment of President Yoon, South Korea won for the fifth day in a row. – Subrang Safar: Your Journey Through Colors, Fashion, and Lifestyle

After the impeachment of President Yoon, South Korea won for the fifth day in a row.


Demonstrators calling for the removal of South Korean President Yoon Seok-yul react after the result of a second martial law impeachment vote outside the National Assembly in Seoul on December 14, 2024. South Korean lawmakers voted on December 14 to remove President Yoon Seok-yul from office. for a failed attempt to impose martial law last week.

Anthony Wallace | AFP | Getty Images

South Korean markets edged higher for the fifth consecutive day. Impeachment of President Yoon Seok-yul On Saturday

South Korea’s second attempt at the National Assembly Impeachment Yun was successful as 204 lawmakers voted in favor of the motion, surpassing the two-thirds bar needed to impeach Yun in the 300-seat chamber. The vote followed Yun’s short-lived declaration of martial law.

Blue chip Kospi Monday morning was up 0.1%, while the small-cap Kosdaq was up 0.58%.

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Yun declared martial law late on Dec. 3, the first time in 40 years that Asia’s fourth-largest economy has declared martial law. That Canceled the order hours later. After 190 lawmakers rejected the declaration.

The opposition members of the Assembly came into action. A preliminary impeachment vote on December 7, But it failed to clear the 200-vote bar needed to impeach Yun after lawmakers from his ruling People’s Power Party walked out of the chamber.

The Kospi has gained about 2.2% since the close on Dec. 3 — the last trading day before martial law was declared, and the Kosdaq is up about 1.1%.

Both indexes recovered strongly from last week. Initially the following falls Martial law flip-flopped and failed the first impeachment vote. Kospi Hit the bottom of it November 2023 to December 9.

The Kospi has gained about 6% since its Dec. 9 low, while the Kosdaq has recorded a nearly 11% climb since then.



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