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Wednesday, December 4, 2024
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HomeBusinessSouth Korean stocks decline as the won strengthens following promise of 'unlimited'...

South Korean stocks decline as the won strengthens following promise of ‘unlimited’ liquidity

Yoon Suk Yeol pledged to transform South Korea into a nation that truly belongs to its people during his inauguration speech in May 2022.

However, his presidency has been overshadowed by growing unpopularity and political dysfunction, leading to his recent declaration of martial law, a first in over forty years.

Yoon has encountered significant challenges since taking office, starting with a low approval rating and facing an opposition-dominated parliament.

The 63-year-old former prosecutor, known for his involvement in prosecuting former presidents Park Geun-hye and Lee Myung-bak, had no prior political experience before entering the presidential race in 2021.

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