Even before a short-lived declaration of martial law thrust the country into crisis, the economy faced grim prospects.
South Korea’s Already Shaky Markets Further Rattled by Political Turmoil
Officials pledged “unlimited” support to markets as traders digested the implications of South Korea’s brief declaration of martial law.
South Korea stocks pummeled amid government turmoil following declaration of martial law
It’s the first time martial law was declared in South Korea since 1980. Stocks plunged, but the market stabilized as parliament voted to lift the order.
South Korea to activate $38 billion worth of market stabilisation fund amid political crisis
SEOUL – South Korea’s Finance Ministry said on Dec 5 that the government will activate 40 trillion won (S$38 billion) worth of market stabilisation fund, after President Yoon Suk Yeol’s lifting of a …
South Korea’s Already Shaky Markets Further Rattled by Political Turmoil
Officials pledged “unlimited” support to markets as traders digested the implications of South Korea’s brief declaration of martial law.
South Korea’s martial law crisis is worsening the ‘Korea discount’ in stocks
Expect volatility and negative price action across South Korean assets and related markets, says one analyst.
North Korea Targets South Korean Property: Power Towers and Golf Clubhouses Destroyed
North Korea has dismantled power lines, causing the collapse of several transmission towers built for the Kaesong Industrial Complex.
South Korea’s high-profile actor Yoo Ah In sells Itaewon property for US$4.5 million while serving prison sentence
High-profile South Korean actor Yoo Ah In has sold his Itaewon house in Seoul for 6.3 billion won (approximately US$4.5 million) while serving a one-year prison sentence.
China Market Update: November Electric Vehicle Sales Roar (Silently)
Asian equities were mixed overnight as South Korea underperformed in an unexpected political development, Taiwan and Indonesia outperformed, and the US dollar was weaker overnight while Thailand was closed for the King’s birthday.
Why the North Korea-Russia Alliance Is a Grave Threat
In this volatile and extremely uncertain landscape, South Korea has little to gain and much to lose by taking premature action that might harm its national interests.