Market
Outcome of Federation of Trade Unions' strike threat by February 28, 2025?
2
Resolution / Starting Odds
Strike occurs • 25%
Strike called off after negotiations • 25%
Strike postponed • 25%
Other outcome • 25%
Official announcements from the Federation of Trade Unions and South Korean government
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a cabinet meeting would be convened as soon as possible to officially lift martial law and confirmed that troops have withdrawn from parliament.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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Other outcome • 25%
Strike ends without resignation • 25%
Yoon resigns • 25%
Partial concessions from government • 25%
Amazon concedes to some demands • 25%
Strike ends without concessions • 25%
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Union recognition • 25%
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Moderate participation with some impact • 25%
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Minimal participation and little impact • 25%
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Union recognition granted • 25%
Negotiations initiated without recognition • 25%
Strike ends without concessions • 25%
Strike called off, no agreement • 25%
Strike occurs, no agreement reached • 25%
Strike occurs, agreement reached • 25%
Strike called off, agreement reached • 25%
Government concessions without resignation • 25%
Strike ends without resignation • 25%
Other • 25%
President Yoon resigns • 25%
No concessions made by Amazon • 25%
Wage increase without union recognition • 25%
Union recognition granted • 25%
Other outcome • 25%