ChainCatcher news, South Korean President Yoon Suk-yeol delivered a televised address to the nation on the morning of the 12th, justifying the emergency martial law implemented on the 3rd.Yoon stated that the actions of the opposition party threaten constitutional order, and that as president, the implementation of emergency martial law is not intended to undermine the country's constitutional order, but rather to inform the public that the nation is in a state of crisis, to protect constitutional order, and to restore the national constitution. He accused the opposition of falsely accusing him of "insurrection" and engaging in impeachment efforts, stating that he would fully cooperate with any impeachment or investigation. (Kim Ten)

ChainCatcher news, according to Jin10 reports, the South Korean police, public prosecution office, and the Ministry of National Defense have jointly established an emergency martial law joint investigation headquarters.

ChainCatcher news, according to Jinshi reports, the emergency martial law situation in South Korea continues, with the Korea Composite Stock Price Index closing down for three consecutive days since the martial law turmoil; foreign investors have cumulatively net sold over 1.1 trillion won for three consecutive days, equivalent to over 5.8 billion yuan; yesterday, the closing exchange rate of the won against the dollar was the lowest in more than two years. Overseas investment bank Citigroup stated that the rising political risk in South Korea will increase the pressure of capital outflow, bringing downward risks to the won. South Korean media describe the current economic situation in South Korea as "surrounded on all sides."

ChainCatcher news, South Korean President Yoon Suk-yeol announced through a live broadcast at the presidential office in Yongsan, Seoul, early today (December 4) that he has decided to accept the National Assembly's request to lift the state of emergency. This comes just over 6 hours after he announced the implementation of the state of emergency on the evening of December 3.The South Korean cabinet has agreed to lift the state of emergency.

ChainCatcher news, according to Jin10 reports, the South Korean National Assembly has passed the request to lift the state of emergency.

ChainCatcher news, according to Jinshi reports, market news indicates that the South Korean National Assembly has begun a plenary session. CCTV news also reported that the South Korean martial law troops attempted to break windows to enter the National Assembly and arrest the lawmakers attending the meeting.In addition, the South Korean Minister of Finance will hold an emergency meeting on the economy and financial markets at 7 AM KST (6 AM Beijing time).

ChainCatcher news, according to Jinshi reports, on December 4th local time, more than half of the members of Congress are currently in Congress, and if more than half of the members agree, the South Korean National Assembly is expected to pass a resolution demanding the lifting of the martial law.

ChainCatcher news, according to Jinshi reports, a large number of people are currently gathered outside the South Korean National Assembly, demanding to enter the assembly and shouting slogans on-site, calling for Yoon Suk-yeol to withdraw the state of emergency.Subsequently, the South Korean military has blocked the entrance to the National Assembly. The area around the South Korean presidential office in Yongsan, Seoul, has entered a state of full control.

ChainCatcher news, according to Jinshi reports, as reported by the Korea Herald, late Tuesday night, the South Korean president announced a state of emergency. However, if the opposition-controlled National Assembly votes to abolish the agreement, it will be short-lived.Following this unexpected move by South Korean President Yoon Suk-yeol, the opposition Democratic Party quickly mobilized to repeal the measure, despite earlier reports that the roads leading to the National Assembly building were blocked under the emergency order. Democratic Party leader Lee Jae-myung issued an urgent directive to all members that day, calling for a meeting in the National Assembly chamber.Although the decree imposed entry restrictions, lawmakers began to gather, working to overturn the declaration. As of 11:54 PM (10:54 PM Beijing time), it was unclear how many people had entered the building.

ChainCatcher news, according to Lookonchain monitoring, after South Korea announced "martial law," the cryptocurrency market plummeted. Many whales transferred large amounts of USDT to Upbit, possibly to buy the dip. Within 1 hour of the "martial law" announcement, over 163 million USDT flowed into Upbit.

ChainCatcher news, according to Jinshi reports, the South Korean Martial Law Command has issued Martial Law Order No. 1, announcing the following matters to be implemented nationwide in South Korea starting from December 3, 2024, at 23:00:All political activities, including activities of the National Assembly and local councils, political parties, political associations, gatherings, and demonstrations, are prohibited.Fake news, fabricated public opinion, and false incitement are prohibited.All speech and publications are under the control of the Martial Law Command.Strikes, work stoppages, and gatherings that cause social chaos are prohibited.All medical personnel, including interns and resident doctors, who are on strike or have left their posts must return to their duties within 48 hours; violations will be punished according to martial law.Ordinary citizens will experience minimal inconvenience in their daily lives, except for anti-state forces and other subversive elements.Those who violate the above martial law order may be arrested, detained, or subjected to search and seizure without a warrant, according to Article 9 of the Republic of Korea Martial Law Act (Special Measures Authority of the Martial Law Commander), and punished according to Article 14 of the Martial Law Act.

ChainCatcher news, according to a report by Jinshi citing the Korean Central News Agency, South Korean Democratic Party leader Lee Jae-myung stated that President Yoon Suk-yeol's declaration of martial law is an unconstitutional act.