South Korean parliament votes to impeach president Yoon over martial law attempt

Lallalit Srijandorn FXStreet

On Sunday, South Korea’s parliament voted to impeach President Yoon Suk Yeol following his fleeting failed attempt to impose martial law in early December, per CNN.

It is the second time in less than a decade that a South Korean President has faced impeachment proceedings in office, and Yoon is suspended from using his powers until the decision is finalized by the country's Constitutional Court.

Market reaction

At the press time, the USD/KRW pair was down 0.02% on the day to trade at 1435.45.

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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