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 the Korea Herald, the head of the South Korean senior official corruption investigation office has ordered a ban on President Yoon Suk-yeol's departure from the country.On the other hand, the South Korean KOSDAQ index plummeted 5% during the day, and the KOSPI index's decline widened to 2.6%.

ChainCatcher news, according to Jin10 reports, South Korean President Yoon Suk-yeol and the leader of the ruling party Han Dong-hoon are holding talks.

ChainCatcher news, according to the Korea Herald, the impeachment motion against President Yoon Suk-yeol, initiated by 191 members consisting of 190 lawmakers from six major opposition parties—the Democratic Party of Korea, the Justice Party, the New Progressive Party, the Basic Income Party, and the Social Democratic Party, along with one independent lawmaker—was submitted to the National Assembly plenary session at 0:48 on December 5 (local time).As the National Assembly must vote on the impeachment motion within 72 hours after its submission to the plenary session, the Assembly can vote on the case after 0:49 on December 6 (local time). The opposition plans to hold the vote on the impeachment motion as early as possible; if the motion is passed by the National Assembly, Yoon Suk-yeol will be immediately suspended from office.

ChainCatcher news, the Chief of Staff and Chief Secretary of the South Korean Presidential Office collectively resigned. (Jinshi)

ChainCatcher news, according to the South Korean news media Maeil Business, the presidential office stated on January 18 that it has "informed the main responsible department, the Financial Services Commission, not to give specific instructions on whether to approve a domestic Bitcoin spot ETF." At a briefing on Thursday, when asked by policy chief Sung Tae-yoon whether South Korea is considering institutionalizing Bitcoin, he said, "We are working to appropriately modify our legal system, or to accept what happens overseas, or we are working to consider these directions together.""We are studying how to ensure there is another element of investment assets, but it will not become a side effect or risk factor for other financial products or the real economy," Sung added.