South Korea vows market support in wake of turmoil

Won flat and Korean stocks fall 1.4% as central bank says it is keeping all options open until situation stabilises

Topics

South Korea Stock Markets Wobble After Martial Law Turmoil

Officials pledged “unlimited” support to markets as traders digested the implications of South Korea’s brief declaration of martial law.
The New York Times - 11h
The Papers: 'Turmoil in South Korea' and 'Letby quizzed' in jail

A failed attempt to declare martial law and a killer nurse being investigated over baby deaths feature in the headlines.
BBC News - 13h
Zealous tourists are unfazed by South Korea's sudden martial law turmoil

Many tourists in Seoul seemed largely unfazed by the political turmoil unfolding in the capital as they flocked to the city’s largest palace, local landmarks and shopping streets
ABC News - 4h
What next for South Korea after night of political drama and turmoil

South Koreans expressed anger and confusion on Wednesday after President Yoon Suk Yeol declared martial law only to lift the order hours later.
NBC News - 1h
South Korea’s Martial Law Turmoil Threatens Pacific Alliance With U.S. and Japan

Donald J. Trump had been seen as the main risk factor for the partnership between Tokyo, Seoul and Washington. Then came martial law in South Korea.
The New York Times - 49m
South Korea’s political shock will reverberate for markets

Local stocks will have to price in a higher political risk premium to keep investors onboard
Financial Times - 8h
Everything to Know About South Korea’s Martial Law and How It Moved Markets

Korean stocks like Samsung and Coupang tumbled, while the local currency also weakened against the dollar.
Inc. - 4h
High-profile South Korean cabinet ministers offer to resign

Moves pile pressure on President Yoon Suk Yeol to leave office after failed attempt to impose martial law
Financial Times - 2h