Korea’s Crisis Is Just a Small Part of the Picture
The beneficiaries of the postwar economic order are fragmenting under increasing pressure.
Calls to impeach.
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Total bolt-from-the-blue surprises are thankfully rare. South Korea staged one in the middle of the Korean night Tuesday, when President Yoon Suk Yeol announced martial law. In the hours that followed, the army deployed to the National Assembly, legislators nevertheless entered the building and voted unanimously for a request to lift the decree, and then Yoon made another broadcast announcing that he would desist. This sequence of events played out over a little more than six hours. They’re well covered elsewhere on Bloomberg, and I’ve provided links.