South Korean Parliament Lifts Martial Law Declared by the President Yoon

• Late Tuesday on 3 December, South Korean President Yoon Suk-Yeol declared a martial law. Several hours afterwards, the South Korean Parliament voted to lift President Yoon's martial law order.

• By drawing so much attention to the "dangers of the communist party from within Korea and outside," President Yoon is trying to align himself closer to President Trump.

• In the near term, the impact on the Korean stock market of the declaration and lifting of martial law is likely to be negative.