Market
State of South Korea-North Korea relations by June 30, 2025?
3
Resolution / Starting Odds
Improved relations • 25%
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Severed relations • 25%
Official diplomatic statements or credible news reports
Story
South Korea Declares Martial Law for First Time Since 1980 Under Yoon Suk Yeol
Dec 3, 2024, 03:15 PM
South Korean President Yoon Suk Yeol declared emergency martial law in a late-night televised address on Tuesday, citing threats of anti-state activities and accusing opposition parties of sympathizing with North Korea, paralyzing governance, and attempting rebellion. This marks the first martial law declaration in South Korea since the 1980s. The military has been deployed across Seoul, with soldiers and armored vehicles stationed near key locations, including the National Assembly, where lawmakers have been blocked from entering. The declaration suspends all political activities, imposes media controls, and directs medical personnel to return to work within 48 hours. Violent clashes have erupted between civilians and the military, and the move has sparked significant political unrest and economic repercussions, including a sharp decline in South Korean assets. President Yoon, who has a 25% approval rating, vowed to eradicate anti-state forces within 10 days. Special forces have stormed the National Assembly, further escalating tensions in the country.
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