South Korea crisis live: motion to impeach President Yoon submitted, say opposition parties
Opposition Democratic party lawmakers have called on Yoon Suk Yeol to resign immediately or they would seek his impeachment
- Yoon Suk Yeol faces calls to resign after martial law shock
- Explainer: what happened and what comes next?
South Korea’s finance ministry has said it stood ready to deploy “unlimited” liquidity into financial markets after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows, Reuters reports.
The announcement came after finance minister Choi Sang-mok and Bank of Korea governor Rhee Chang-yong held emergency talks overnight, and as the central bank board abruptly met to approve rescue measures for the local credit market.
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