BUZZ-South Korean ETFs slide after President Yoon declares martial law

Reuters12-03

** South Korea-focused exchange-traded products fall in U.S. premarket trading, with iShares MSCI South Korea ETF down 2.6% to $55.25 and Franklin FTSE South Korea ETF losing 2.6% to $18.45

** South Korean President Yoon Suk Yeol declares martial law in an unannounced late night address broadcast live on YTN television

** Opposition parties have taken the parliamentary process hostage to throw the country into a crisis and he had no choice but to resort to such a measure in order to safeguard free and constitutional order, Yoon says

** South Korean won drops 1.2% to 1421.37 per dollar, hitting its lowest level in over two years

(Reporting by Shashwat Chauhan in Bengaluru)

((Shashwat.Chauhan@thomsonreuters.com))

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