Get all your news in one place.
100's of premium titles.
One app.
Start reading
Al Jazeera
Al Jazeera
Business
John Power

South Korea’s economy rattled by martial law decree

A monitor displays the benchmark KOSPI index and the tech-heavy KOSDAQ index on August 5, 2024 [Anthony Wallace/AFP]

Kuala Lumpur, Malaysia – In one of his first appearances of the year, South Korean President Yoon Seok Yeol pledged to boost confidence in the country’s stock market, which is famed for being undervalued compared with its peers.

As the curtain closes on 2024, Yoon has achieved the opposite, rattling markets with a short-lived declaration of martial law that has thrown Asia’s fourth-largest economy into its biggest political crisis in decades.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.