South Korean lawmakers submitted a bill to impeach President Yoon Suk Yeol after he declared martial law but reversed the decision, leading to political turmoil. The opposition Democratic Party called for his resignation or impeachment, and even members of Yoon’s ruling People Power Party demanded changes in cabinet. Yoon cited threats from pro-North Korean forces for declaring martial law, which caused chaos as troops clashed with protesters and lawmakers defied the order. The U.S. embassy advised citizens to avoid protest areas, while South Korean markets were volatile, with stocks falling and the won close to a two-year low. The finance ministry promised support for the markets if needed. Yoon’s popularity has been low, with support ratings around 20%, and his People Power Party suffered a defeat in the recent parliamentary elections. If impeached, Prime Minister Han Duck-soo would temporarily lead until a new election is held. The move to impose martial law was the first since 1980 in South Korea, and it prompted a response from the U.S. urging the peaceful resolution of political disagreements. The alliance between South Korea and the U.S. was strained due to the turmoil. Further, international visits and talks were postponed or canceled due to the situation. In 1980, martial law was declared to suppress calls for the restoration of democratic government.
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