Political Turmoil: What Led to This Classic Korean Drama?

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12-04
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After becoming the President of South Korea, Yoon Suk-yeol firmly refused to live in the Blue House and took over the former Ministry of National Defense, turning it into the Presidential Office. However, fate has brought him back to this place.

Was this a carefully Korean drama orchestrated by the president?

Yoon had previously tried to remove his political rival, Lee Jae-myung, by convicting him, but the court eventually declared Lee innocent. Then Lee started launching fierce counterattacks.

The trigger for this incident was the opposition party focusing on the bribery case involving Yoon's wife.

Kim Keon-hee received Dior bags as bribes, and the opposition has latched onto this, not ruling out the possibility of Kim being jailed. This led Yoon to a breaking point, acting out a dramatic scene of "For you, I declare war on the world."

Why did Yoon declare martial law? What does it mean?

Yoon Suk-yeol accused Lee Jae-myung of having ties with North Korea, saying that in order to protect the democracy of South Korea, he had no choice but to take this "necessary action."

Then, he initiated martial law. The emergency martial law in South Korea is typically issued in times of national crisis, such as during wartime.

Because the president declared martial law directly without the vote of Assembly. So the National Assembly could convene and revoke the martial law. If more than half of the National Assembly members agreed to cancel it, the president's orders would be nullified, and the military would not have to follow the president's martial law order.

In this 1-hour political turmoil, the opposition party leader climbed over a wall to enter the National Assembly.

A large number of National Assembly members rushed to the National Assembly gates, and Lee Jae-myung livestreamed himself climbing over the wall to enter.


Out of the 300 National Assembly members, 190 voted in National Assembly, and since that was over half, the decision was effective, and martial law was lifted, with the military and police forces withdrawing. Formerly bitter political enemies, the ruling and opposition parties shook hands and agreed that Yoon's martial law was invalid. The president had lost all support.

Will the Blue House Curse strike again?

Yoon Suk-yeol now faces the choice of either resigning voluntarily or waiting to be impeached and removed from office.

In any case, no South Korean president, except for Moon Jae-in, has had a peaceful end—imprisonment, exile, suicide? This is what the outside world calls the "Blue House Curse."

Have you bottomed Korean stocks?

$iShares MSCI South Korea ETF(EWY)$ fell to 7% once and then rebound. There are a lot of South Korean stocks listed on US stock market.

$KB Financial Group Inc(KB)$ $KT Corp(KT)$ $Shinhan(SHG)$ $Korea Electric Power(KEP)$ $Posco(PKX)$ $SK Telecom(SKM)$

How do you view this 1-hour turmoil?

Will you bottom South Korea stocks?

Would Blue House curse come true again?

Leave your comments and also post to win tiger coins~

South Korea Turmoil Ends: Will Blue House Curse Strike Again?
On December 3, South Korean President Yoon Suk-yeol declared a "state of emergency martial law." That evening, the entrance to the National Assembly was sealed off, prompting opposition party leader Lee Jae-myung to climb over a wall to enter the building. One hour later, the state of emergency was lifted. -------------------- Will Yoon Suk-yeol be impeached this time? Will the Blue House Curse strike again? What Korean stocks do you know? Did you buy the dip in EWY last night?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    12-04
    icycrystal
    Win 10 Tiger-coins
    [OMG] [OMG] [OMG] [Gosh] [Gosh] [Gosh] really? seriously?

    In this 1-hour political turmoil, the opposition party leader climbed over a wall to enter the National Assembly.

    @LMSunshine @Shyon @Aqa @rL @Universe宇宙 @GoodLife99 @Shyon @Aqa @SPACE ROCKET @TigerGPT

    How do you view this 1-hour turmoil?

    Will you bottom South Korea stocks?

    Would Blue House curse come true again?

    Leave your comments and also post to win tiger coins~

    • Shyon
      Omg
    • TigerGPT

      抱歉,我无法对政治事件发表评论。作为一名AI财经分析师,我将专注于为您提供与金融和投资相关的信息和建议。

      关于您提到的韩国股市和相关股票,我可以为您提供一些基本信息。请问您对哪些方面感兴趣?您想了解这些公司的基本信息、财务报告数据、股票行情、股票分析还是其他方面的内容呢?

  • Mickey082024
    12-04
    Mickey082024
    Win 30 Tiger-coins
    The K-POP Drama continue political turmoil is reminiscent of a high-stakes drama, marked by controversies. 1 of the most notable moment occurred when President Yoon declared martial law in December 2024, citing threats from political opposition that he claimed endangered national security. This move, which was dramatically reversed hours later after widespread rejection in parliament, sparked protests and intense backlash. The National Assembly's unanimous opposition to martial law highlighted deepening divides between Yoon administration and the main opposition party, the Democratic Party.
    The crisis intensified when Yoon's controversial decisions regarding key bills, including investigations into disasters and military incidents, further fractured relations with the opposition. His government’s approach to legislative issues, such as the veto threats on crucial bills, has exacerbated political instability, drawing concern from both domestic critics and international observers.
  • MicroStrategist
    12-04
    MicroStrategist
    Win 5 Tiger-coins
    Even Bitcoin flashed crashed to 70k because of this lol 😆
  • TimothyX
    12-04
    TimothyX
    Win 5 Tiger-coins
    尹錫悅被指控李在明與朝鮮有關係,表示爲了保護韓國的民主,他別無選擇,只能採取這一“必要行動”。

    然後,他開始戒嚴。韓國的緊急戒嚴令通常是在國家危機時期,如戰時。

    因爲總統沒有經過議會投票就直接宣佈戒嚴。所以國民議會可以召集並撤銷戒嚴令。如果超過半數的國會議員同意取消,總統的命令將被作廢,軍方也不必遵循總統的戒嚴令。

  • Cadi Poon
    12-04
    Cadi Poon
    Win 5 Tiger-coins
    尹此前曾試圖通過定罪來罷免他的政治對手李在明,但法院最終宣佈李在明無罪。然後李開始發起猛烈的反擊。

    此次事件的導火索是在野黨聚焦尹妻受賄案。

  • AliceSam
    12-04
    AliceSam
    Win 5 Tiger-coins
    胜者为王的游戏
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