Market
How will South Korea's diplomatic stance change by March 31, 2025?
2
South Korea•Yoon Suk Yeol•National Assembly•Yoon•PPP•South Korean•Gallup Korea•Seoul•Democratic Party
Resolution / Starting Odds
Strengthened Ties with US • 25%
Strengthened Ties with China • 25%
Maintained Current Stance • 25%
Other Changes • 25%
Official statements from South Korean Ministry of Foreign Affairs
Story
South Korean President Yoon Faces Impeachment Vote on Saturday Amid Political Crisis
Dec 13, 2024, 09:00 AM
South Korea's political landscape is in turmoil as President Yoon Suk Yeol faces a second impeachment motion following his controversial declaration of martial law. The National Assembly is set to vote on this motion on Saturday, December 14, at 4:00 p.m. local time. The impeachment effort requires the support of at least eight members from Yoon's own conservative ruling party, the People's Power Party (PPP), to pass. Public opinion heavily favors the impeachment, with 75% of South Koreans supporting it according to a recent Gallup Korea poll, while Yoon's approval rating has plummeted to an all-time low of 11%. The crisis was triggered by Yoon's brief imposition of martial law, which was quickly overturned by parliament, leading to widespread criticism and calls for his resignation. Amidst this, the South Korean court issued arrest warrants for the heads of national and Seoul police agencies, Cho Ji-ho and Kim Bong-sik, for their roles in the martial law declaration. The opposition, led by Lee Jae-myung of the Democratic Party, has urged ruling party members to back the impeachment, arguing it is the best way to restore order. The situation has led to economic and diplomatic concerns, with South Korean stocks rising in anticipation of a resolution and the Foreign Minister warning of damage to the country's diplomatic capacity.
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Claims refuted • 25%
No official stance • 25%
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Claims inconclusive • 25%
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No significant change • 25%
Diplomatic engagement • 25%
Increased military presence • 25%
Economic sanctions • 25%
Military exercises • 25%
Diplomatic pressure • 25%
No action • 25%
No Significant Response • 25%
Sanctions Imposed • 25%
Other Actions • 25%
Condemnations Issued • 25%
New alliance formation • 25%
Status quo maintained • 25%
Increased cooperation • 25%
Decreased cooperation • 25%
Increased diplomatic pressure on North Korea • 25%
No significant diplomatic actions • 25%
Joint international actions with allies • 25%
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Relationship weakens • 25%
Relationship strengthens • 25%
Relationship remains unchanged • 25%
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Improved relations • 25%
Deteriorated relations • 25%
Status quo • 25%
Severed relations • 25%
No significant action • 25%
Diplomatic talks with North Korea • 25%
Sanctions against North Korea • 25%
Condemnation at UN • 25%
Increased tensions • 25%
Increased cooperation and joint initiatives • 25%
No significant change • 25%
Other outcomes • 25%
Increased Sanctions • 25%
No Significant Action • 25%
Mediation Efforts • 25%
Diplomatic Condemnation • 25%