Protesters calling for the removal of South Korean President Yoon Seok-yeol react after the results of the second martial law impeachment vote outside the National Assembly in Seoul on December 14, 2024. Martial law failed.
Anthony Wallace | AFP | Getty Images
South Korean stocks rise for fifth consecutive session Impeachment case against President Yoon Seok-yeol Saturday.
South Korea’s National Assembly makes second attempt Impeachment Mr Yoon was successfully elected, with 204 lawmakers voting in support of the motion, surpassing the two-thirds threshold needed to impeach Mr Yoon in the 300-seat House of Representatives. The vote was triggered by Yoon Eun-hye’s brief declaration of martial law.
blue chip stocks Cospi It was up 0.1% on Monday morning, while the small-cap Kosdaq index was up 0.58%.
Yin declared martial law on the evening of December 3, the first time in more than 40 years that Asia’s fourth largest economy has declared martial law. he Cancel order after a few hours 190 lawmakers voted down the declaration.
Opposition MPs have taken action A preliminary impeachment vote will be held on December 7, But the 200 votes needed to impeach Yoon failed to pass after members of the ruling People’s Power Party quit the House of Representatives.
Since the close on December 3, the last trading day before martial law was declared, the Cospi has gained about 2.2% and the Kosdaq has gained about 1.1%.
Both indexes rebounded strongly last week initial drop follows The vagaries of martial law and the failure of the first impeachment vote. Cospi reach minimum level From November to December 9, 2023.
The Cospi has gained about 6% since its Dec. 9 low, while the Kosdaq has gained about 11% since then.
