South Korean President has declared martial law

South Korea’s president has declared martial law. The country’s currency, the Korean won, fell to a two-year low on Tuesday following the declaration. South Korea’s National Assembly has voted to block President Yoon Suk Yeol’s declaration of martial law, as lawmakers and the head of state wrestle for control of the country. In a televised speech on Tuesday night, Yoon declared a “state of emergency” and accused the leftist majority in parliament of plotting rebellion and harboring North Korean sympathies. State television early Wednesday local time showed live footage of soldiers trying to block large crowds from entering the parliament building even as lawmakers inside voted to block Yoon’s decree. Under the country’s constitution, a parliamentary vote can overturn a declaration of martial law but it was not immediately clear whether Yoon would comply. Han Dong-hoon, the leader of Yoon’s own People Power party, called on the military to resign in the aftermath of the vote.

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