TLDR:
• President Yoon declares martial law
• Opposition accused of anti-state ties
• Economic and political unrest grows
SEOUL (The Thursday Times) — South Korea plunged into a political storm as President Yoon Suk Yeol declared martial law, citing threats to constitutional stability and national security. The late-night announcement has shaken the nation’s political core, with opposition parties denouncing it as an unconstitutional seizure of power. Military forces were deployed, suspending parliamentary operations and silencing political dissent.
Martial law declaration disrupts democracy
President Yoon’s move has been framed as a necessary measure to address rising anti-state activities. The administration accused opposition leaders of collaborating with North Korean agents to destabilise South Korea. The martial law has effectively frozen all political party operations, sparking widespread outcry from civil society groups and international observers.
Economic tremors from political shock
The declaration has not only shaken South Korea’s political foundation but also sent economic markets into a tailspin. The stock market witnessed sharp declines within hours of the announcement, while the national currency saw significant depreciation. Investors are grappling with uncertainty, fearing long-term instability under military-imposed governance.
International concerns mount
Global leaders are closely monitoring developments in Seoul. The White House has expressed concern, while neighbouring nations like Japan and China are evaluating the potential ramifications on regional stability. Many fear the martial law could undermine South Korea’s reputation as a beacon of democracy in East Asia.
Opposition decries power grab
Opposition leaders have condemned the move, calling it a blatant power grab. They argue that the accusations of collusion with North Korea lack evidence and are being weaponised to silence dissent. Protests are beginning to swell in urban centres, with activists demanding an immediate reversal of the declaration.
Military’s expanded role in governance
Under martial law, South Korea’s military now wields significant authority. Key government institutions have been placed under strict control, limiting public gatherings and enforcing curfews in major cities. Critics warn that this increased militarisation could erode democratic norms and concentrate power dangerously in the executive branch.
Public unrest and societal divide
The announcement has polarised the public, with some supporting the move as necessary for national security, while others see it as a threat to freedoms hard-earned through decades of democratic struggle. Demonstrations are expected to grow as dissenting voices mobilise against the government’s sweeping measures.