- South Korean opposition parties submit impeachment bill against President Yoon, KRW rebounds
Market news
4 December 2024
South Korean opposition parties submit impeachment bill against President Yoon, KRW rebounds
Reuters is carrying a story on Wednesday, citing that South Korean opposition parties submitted an impeachment bill against President Yoon Suk Yeol.
The vote on the impeachment bill could take place either on December 6 or 7.
Market reaction
USD/KRW erases earlier gains to trade 0.25% lower on the day near 1,410 at press time. The pair jumped to fresh two-year highs near 1,445 on Tuesday amid the South Korean political instability.
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