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International Business Times
International Business Times
Business
Roland DE COURSON

Political Turmoil Shakes South Korea's Economy

South Korea's ruling People Power Party lawmakers (bottom) argue with National Assembly Speaker Woo Won-shik (C top) during a parliamentary session (Credit: AFP)

After South Korea's president and his replacement were both deposed over a failed bid to impose martial law, deepening political turmoil is threatening the country's currency and shaking confidence in its economy.

The won, which plunged Friday to its lowest level against the dollar since 2009, has been in near-constant decline since President Yoon Suk Yeol's attempt to scrap civilian rule in early December.

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