I didn't expect South Korea to make such a significant and difficult decision this time. It seems that the National Assembly is currently controlled by the opposition party, so President Yoon has decided to impose martial law.
The last time South Korea implemented martial law was in 1979 when Chun Doo-hwan came to power (the so-called purpose was to prevent a North Korean invasion), which directly led to the Gwangju Uprising, resulting in approximately 3,000 deaths.
The South Korean financial market has always been sensitive to such events. For example, during the 2010 Yeonpyeong Island shelling incident, both the Korean won and Korean stocks fell.
As for cryptocurrency, I personally feel that South Korea could be the third-largest cryptocurrency market, following the United States and China. This potential should not be underestimated.
The Bitcoin-Korean won trading pair has experienced a flash crash but is currently struggling to recover.
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