Reports have surfaced that investigators in South Korea found themselves in a tense standoff with a military unit located within the presidential residence. This occurred as they attempted to detain the suspended leader of the country, Yoon Suk Yeol. The attempted arrest comes weeks after Yoon’s failed declaration of martial law on December 3, according to information from Reuters.
In a formal statement, the office announced, “The execution of the arrest warrant for President Yoon Suk Yeol has begun.”
Market reaction
As the events unfolded, the USD/KRW currency pair saw a decline. At the moment of reporting, it had dropped by 0.39% for the day, trading at 1467.32.
