At the crack of dawn in South Korea, it’s now 4:30 AM, and following a whirlwind of six intense hours, it seems President Yoon Suk Yeol might be taking a step back from his earlier stance.
Yoon has announced that martial law will be lifted after parliament decisively voted 190 to zero against it. Furthermore, he mentioned that a cabinet meeting is being scheduled to convene at the earliest opportunity.
The entire situation feels quite strange, and his insinuations regarding North Korean sympathizers infiltrating the government are almost comical, though there might be more beneath the surface than we realize. It’s difficult to imagine how he will navigate through this crisis unscathed. Notably, troops that were previously deployed have now been withdrawn.
In the midst of this political upheaval, the USD/KRW currency exchange remains under close watch.
