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Politics : The Donald Trump Presidency
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To: GROUND ZERO™ who wrote (60292)12/3/2024 11:03:25 AM
From: FJB1 Recommendation

Recommended By
GROUND ZERO™

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South Korean currency tanks after Martial Law declared.

South Korea’s won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law.

The U.S. dollar

traded up as much as 2.7% against the won, before paring gains. The won notched a fresh two-year low on the news.

Speaking during an unannounced televised briefing, South Korea’s Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis.

“I declare martial law to protect the free Republic of Korea from the threat of North Korean communist forces, to eradicate the despicable pro-North Korean anti-state forces that are plundering the freedom and happiness of our people, and to protect the free constitutional order,” Yoon said, according to a Reuters translation.

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