Political turmoil in South Korea puts currency and stock market in the spotlight

The political arena in South Korea is currently experiencing turbulent times, attracting the attention of investors worldwide. Following the decision to impeach President Yoon Suk Yeol due to his controversial attempt at martial law, the South Korean currency and stock market are in the traders' spotlight. Particular attention is on the South Korean won, which has suffered significant losses amidst the political uncertainties. Since President Yoon's surprising move on December 3 to impose martial law and then quickly revoke it, the won has fallen by more than 2% against the US dollar. The trading day on Friday ended with an exchange rate of 1,435.45 won per US dollar. This development is being closely monitored by investors, as it not only affects market stability in South Korea but could also have impacts on international trade relations and investment flows. Thus, Monday will be a significant day that could determine how the South Korean economy continues to develop.