Big Take Asia The Six Hours of Martial Law That Stunned South Korea
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Dec 5, 2024 In this discussion, Sam Kim, a Bloomberg economy and government reporter in Seoul, unpacks the shocking declaration of martial law by President Yoon Suk Yeol, a first in almost 40 years. He shares insights on the rapid public backlash that forced a swift reversal, the protests that erupted, and the significant implications for South Korea’s political stability. Kim also explores how this turmoil affects investor confidence and the nation's diplomatic ties with the United States, signaling potential long-term challenges for the emerging democracy.
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Martial Law Declaration
- South Korean President Yoon Suk Yeol declared martial law, shocking the nation.
- This extreme measure was intended to protect freedom and order, as the country was perceived to be in ruin.
Protests and Reversal
- Hundreds of protestors gathered at the National Assembly building despite freezing temperatures.
- Lawmakers denounced the martial law declaration, leading to its revocation.
Historical Context
- Hearing about martial law in South Korea was surreal for Sam Kim, a long-time resident.
- The last time it was imposed was in 1980 after President Park Chung-hee's assassination.