Market
General strike by Federation of Trade Unions in South Korea by January 31, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Federation of Trade Unions
Story
Yoon Lifts Martial Law After Parliament Vote, Union Strike Threat
Dec 3, 2024, 07:41 PM
South Korean President Yoon Suk Yeol announced he will lift the martial law he declared late Tuesday, following a unanimous parliamentary vote rejecting the measure and an announced general strike by the Federation of Trade Unions. In a televised briefing, Yoon stated, 'I am canceling the martial law,' and ordered troops and police enforcing the measure to stand down. The martial law, which lasted just over five hours, was initially declared to eradicate 'anti-state forces' amid tensions with an opposition-controlled parliament. Yoon said a cabinet meeting would be convened as soon as possible to officially lift martial law and confirmed that troops have withdrawn from parliament. Celebrations erupted outside the National Assembly following the announcement of the martial law's reversal.
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