Protesters demanding the ouster of South Korean President Yeon Suk-yul react after the result of the second vote to remove the president under martial law outside the National Assembly in Seoul on December 14, 2024. South Korean lawmakers voted on December 14 to remove President Yeon Suk-yul from office. For his failed attempt to impose martial law last week.
Anthony Wallace | AFP | Getty Images
South Korean markets are headed for the fifth straight day of post-crisis gains President Yoon Suk-yeol was impeached on saturday.
The second attempt at the National Assembly in South Korea isolation Yoon succeeded when 204 lawmakers voted in favor of the proposal, crossing the two-thirds barrier required to remove Yoon in the 300-seat chamber. The vote was prompted by Yoon's short-lived declaration of martial law.
Blue chip Cosby The Kosdaq was up 0.1% on Monday morning, while the small-cap Kosdaq was up 0.58%.
Yun declared martial law late on December 3, marking the first time in more than 40 years that Asia's fourth-largest economy has witnessed martial law declared. he He canceled the order hours later After 190 lawmakers voted against the declaration.
Opposition representatives took action Initial vote to impeach the president on December 7, But that failed to pass the 200 votes required to remove Yoon after lawmakers from the ruling People Power Party withdrew from the chamber.
The KOSPI has risen about 2.2% since the close on December 3 – the last trading day before martial law was declared, and the KOSDAC has risen about 1.1%.
Both indices rebounded strongly last week after that Falling at the next start The volatility of martial law and the failure of the first vote to impeach the president. The Cosby He reached his lowest point Since November 2023 on December 9th.
The KOSPI has gained about 6% since its decline on December 9, while the KOSDAC has risen about 11% since then.
