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Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. South KoreanPresident Yoon Suk Yeol’s cabinet has reversed a martial law order in the country, just hours after he issued the surprise decree that plunged Seoul into political uncertainty and sparked fierce backlash from lawmakers across the political spectrum.

Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. The cabinet decision came after Yoon backtracked on his shortlived decree in the early hours of Wednesday local time and withdrew the troops deployed to carry out the order.

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“The president must directly and thoroughly explain this tragic situation,” he added. “The minister of defense, who recommended this martial law, should be immediately dismissed, and all those responsible must be held strictly accountable.”

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Yoon had declared martial law in a surprise late-night address on Tuesday, reviving memories of a morepainful, authoritarian pastas troopsattempted to enterthe main hall of the National Assembly and people against the measure gathered outside following his announcement.

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Lawmakers worked swiftly to block the martial law decree in the hours after Yoon’s declaration, with 190 of the 300 members of parliament voting to overturn the measure.

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“To safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and to eliminate anti-state elements… I hereby declare emergency martial law,” Yoon said in the address.

He described martial law as a necessary measure to eradicate these “shameless pro-North anti-state forces,” justifying the decision as essential to protect the freedoms and safety of the people, ensure the country’s sustainability, and pass on a stable nation to future generations.

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Citing the same document, Reuters reported that “strikes, work stoppages and rallies that incite social chaos” are also prohibited. That includes doctors who had been engaged in a walkout; they have been ordered by the decree to return to work within 48 hours.

Just after 1 a.m. in Seoul on Wednesday morning (11 a.m. ET Tuesday), dozens of troops who had entered the main parliamentary building prior to the vote were seen withdrawing, according to Korean newspaper Chosun Ilbo and local television stations.

Citizens waiting outside the building cheered when news came of the lawmakers’ vote, according to Chosun Ilbo – with some shouting, “Long live the Republic of Korea!” and “Yoon Suk-yeol, step down!”

Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. The initial martial law announcement sent shockwaves through the country. Residents in Seoul rushed to be with family members, according to a 【 - Free Access to Community 】 team on the ground.

“Walking through the streets, there are people who are running to their families’ homes to be with them, to figure out what to do, to be close to loved ones in this moment that is unprecedented in so many of our memories,” Mike Valerio reported from Seoul.

People were told by law enforcement that they could be arrested without warrants being needed under martial law, Valerio added.

“There are whole multitudes of people across (Seoul) who are stunned and are trying to figure out how an unpopular president made this move, what is going to happen next, and what this means for a democracy here in South Korea,” he said.

Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. The leader of the opposition Democratic Party, Lee Jae-myung, said the emergency martial law declaration was “unconstitutional,” calling it a move that “goes against the people,” Yonhap reported. “President Yoon declared emergency martial law for no reason,” Lee said. “Tanks, armored vehicles and soldiers with guns and swords will soon control the country.”

Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. When the president backtracked on his efforts in the early hours of Wednesday, he reiterated his criticism of the opposition party, saying they were frustrating the moves of his government in a statement.

“We request the National Assembly to immediately stop its reckless actions that paralyze the functions of the state through repeated impeachment, legislative manipulation, and budget manipulation,” he said.

Yoon, representing the conservative People Power Party, has served as president of South Korea since 2022. He won the election by a razor-thin margin, pulling ahead of rival Lee by less than one percentage point.

Yoon was a newcomer to politics, having spent the previous 27 years of his career as a prosecutor. Since taking office – succeeding the liberal President Moon Jae-in – he has faced a raft of challenges, from the perma-threat of North Korea to rising tensions between South Korea’s major partners, the US and China – as well as plummeting birth rates.

He has long taken a tough stance on North Korea, a shift from his predecessor, Moon, who favored dialogue and peaceful reconciliation. Yoon lambasted this approach as “subservient.” Yoon instead promised to bulk up South Korea’s military, even hinting he would launch a pre-emptive strike if he saw signs of an offensive launch against Seoul.

But he has faced political battles at home, sparring with the opposition Democratic Party, which has repeatedly impeached ministers and frustrated the government’s fiscal plans.

Yoon has seen his popularity ratings plunge since he took office – thanks to a series of scandals and controversies that even promptedhundreds of thousandsto call for his impeachment.

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“The administration is in contact with the ROK government and is monitoring the situation closely as we work to learn more. The US was not notified in advance of this announcement. We are seriously concerned by the developments we are seeing on the ground in the ROK,” the spokesperson said.

Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Precise stock market trend predictions with free real-time quotes for India stocks, US stocks, and European stocks to help you seize the best investment timing. The United States is “watching the developments” in South Korea “with grave concern,” Deputy Secretary of State Kurt Campbell said at an event as he underscored the US’s alliance with South Korea being “ironclad.”

Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. South Korea and the United States have a decades-old mutual defense treaty, which means both must come to the aid of the other if they are ever attacked. Key US military installations dot South Korea, among them is the US Army’s Camp Humphreys, the largest US military installation outside of the United States with a population of more than41,000 US service members, civilian workers, contractors and family members.

Best Stocks for Value Investors Profitable Long Term Picks ✌️【Stock Market Analyst】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. Alongside Japan and the Philippines, which also boast a mutual defense treaty with the US, South Korea is part of a trio of regional powers that have helped to bolster American power in both Asia and the Pacific for decades.

【 - Free Access to Community 】’s Gawon Bae, Christian Edwards, Jessie Yeung, Jerome Taylor, Paula Hancocks, Jennifer Hansler and Hanna Park contributed reporting.

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