Home POLITICS Martial Law Declared in South Korea: A Major Political and Economic Shock

Martial Law Declared in South Korea: A Major Political and Economic Shock

by EUToday Correspondents
Martial Law Declared in South Korea: A Major Political and Economic Shock

South Korean President Yoon Suk-yeol declared martial law on 3 December 2024, citing the need to protect the country from perceived internal and external threats. The decision marks the first imposition of martial law in South Korea since 1980, raising serious concerns about the nation’s political stability and its democratic framework.

President Yoon’s Announcement

In a televised address, Yoon announced that the measure was necessary to safeguard the country against “communist forces” and to restore constitutional order. He described the declaration as a response to threats from North Korea and internal political opponents, whom he accused of undermining South Korea’s democratic foundations.

“To protect the free Republic of Korea from the threats posed by North Korea’s communist forces and to eradicate anti-state elements, I am declaring martial law,” Yoon stated.

The announcement, which came without detailed evidence of an immediate external threat, has plunged the nation into uncertainty. Yoon’s focus on domestic political opponents rather than North Korea has drawn sharp criticism.

Scope of Martial Law

Under the martial law declaration, parliamentary activity and the operation of political parties have been suspended. The press is now subject to military oversight, according to Yonhap News Agency. This sweeping move effectively places the country under the direct control of military authorities.

President Yoon justified the drastic measure by accusing opposition parties, particularly the Democratic Party (DP), of destabilising the government. He referenced recent legislative moves by the DP, which holds a parliamentary majority, including attempts to impeach senior prosecutors and the rejection of the government’s budget proposal.

“The opposition parties have hijacked the parliamentary process, driving the country into crisis,” Yoon said. “I had no choice but to act to preserve freedom and constitutional order.”

Economic Impact and International Reactions

The announcement triggered immediate economic repercussions. The South Korean won sharply depreciated against the US dollar, with the central bank preparing intervention measures to stabilise the currency if necessary.

As of now, the White House has not commented on the situation. South Korea’s status as a critical ally of the United States and a key player in East Asian geopolitics is likely to draw international scrutiny. Analysts predict that the decision could strain relations with Washington and other democratic nations.

Historical Context and Domestic Reaction

South Korea has a fraught history with authoritarian leadership. From its establishment in 1948 until the 1980s, the nation experienced several periods of military rule. The declaration of martial law is a stark departure from the democratic progress made since the 1980s.

Reuters noted widespread shock among South Koreans, who have grown accustomed to a stable and democratic system. The move has drawn comparisons to the authoritarian regimes of the past, prompting fears of a rollback in democratic governance.

Critics argue that the martial law declaration is a political manoeuvre by Yoon to consolidate power amid growing opposition. The Democratic Party’s proposal to cut over 4 trillion won from the government’s budget and their push for impeachment proceedings against senior officials had escalated tensions between the ruling and opposition factions.

Yoon did not identify the “anti-state elements” he cited in his address but has previously accused opposition figures of aligning with North Korea. His rhetoric has further polarised the country, with some viewing the declaration as a crackdown on dissent rather than a response to genuine security concerns.

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