On December 3, South Korea rattled the globe after President Yoon Suk Yeol suddenly declared emergency martial law – the first such declaration in 50 years.
It was quickly determined that Yoon’s declaration was an illegal tactic to stall pre-existing criminal investigations, abysmal approval ratings, and months of civil protests calling for his resignation. Six hours later, Yoon revoked the martial law card and now faces impeachment.
The shockwaves continue to ripple. A self-governing country since 1987 and long-time ally of the United States, South Korea has now seen its democratically elected President attempt to enforce military rule overnight.
Al Jazeera on December 3 asked what everyone’s thinking: How did we get here?
Tomorrow, Dec. 6, our brand-new Global Market Perspective dedicates an entire segment to answering that very question. There, chief analyst Mark Galasiewski presents a fully labeled price chart of the KOSPI index and reveals why the “attempt by South Korean president Yoon Suk Yeol to declare a state of emergency in the nation for the first time since 1979 has provided socionomic support for our forecast for the KOSPI.” From Mark’s report:
Yoon’s days may be numbered, but his drastic attempt at self-preservation has provided investors important information about the severity of the mood in South Korea.
Be among the first to read Mark’s commentary and see his newly updated price chart by subscribing to Global Market Perspective. The December publication goes live tomorrow, but you can catch up on the 70-page, November issue today.