South Korea's Political Crisis and Economic Fallout

South Korea's economy is facing instability due to significant political turmoil. The impeachment of President Yoon Suk Yeol and his successor, Prime Minister Han Duck-soo, following an attempted imposition of martial law, has caused a decline in the South Korean won and shaken investor confidence. The resulting political crisis led to a decrease in consumer and business confidence, impacting the nation's economy. Despite these challenges, some economists point to the resilience of the South Korean economy and its capacity to overcome the crisis. The Constitutional Court's decision on Yoon's impeachment remains pending, creating further uncertainty.