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South Korea ends martial law after swift legislative vote

South Korea ends martial law hours after Yoon Suk Yeol’s declaration, sparking political backlash and protests from the opposition.

Published

1 year ago

December 4, 2024

ticker NEWS

South Korea’s National Assembly voted 190 to 0 early Wednesday to end martial law, which had been declared just hours earlier by President Yoon Suk Yeol.

Yoon accused opposition parties of threatening the constitutional order, citing a rejected budget proposal and impeachment cases as reasons for his declaration. He stated that martial law aimed to eradicate pro-North Korean influences.

The immediate aftermath of the declaration saw lawmakers facing challenges to access the National Assembly, with armed guards in place.

The declaration restricted political activities and media control while demanding medical personnel return to work.

Lawmakers from both major parties, including Yoon’s People Power Party, opposed the martial law. The opposition Democratic Party, holding majority control, quickly called for an emergency meeting.

Yoon’s decision

Lee Jae-myung, leader of the Democratic Party, criticised Yoon’s decision, arguing that it lacked justification and risked military control over democracy. He urged citizens to rally in support of democratic processes.

As martial law took effect, financial markets reacted, leading to a decline in the South Korean won. Yoon’s approval ratings have significantly dropped amid political turmoil, with perceived failures to govern effectively.

Responses to the martial law declaration included backlash from within Yoon’s own party and concerns over democracy’s health in South Korea.

Analysts suggest Yoon must clarify his actions to avoid a perception of using martial law for domestic political disputes.

News

Global stocks wobble as Davos kicks off and Trump reshapes geopolitics

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Published

1 day ago

January 23, 2026

Harvey Vargas

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.

The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.

Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.

Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.

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News

Zelenskyy reveals planned UAE talks with Russia and the United States

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Published

1 day ago

January 23, 2026

Ahron Young

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.

He also criticised European leaders at the World Economic Forum, calling for stronger political will.