South Korea martial law and impeachment crisis
2024.12.03~2025.04.04
The martial-law declaration and responses by the National Assembly and Constitutional Court led to the president’s removal.
From the martial-law declaration to removal of the president. Does not signify the end of subsequent investigations, the presidential election or political conflict.
Conditions at the time
Political conflict existed between the president and the National Assembly, but the constitution sets requirements and controls for emergency powers.
How events unfolded
After martial law was declared on 12/3, the National Assembly demanded its lifting on day 4 and passed the presidential impeachment motion on day 14.
Stakeholders and impacts
Actions by the president, National Assembly, military, police and Constitutional Court affected citizens’ rights and the constitutional order.
Information available at the time
Political uncertainty temporarily accompanied won-market fluctuations at the time, while the final ruling remained undetermined.
Findings confirmed later
On 2025/4/4, the Constitutional Court unanimously upheld impeachment and removed the president.
Alternative interpretations and limitations
Distinguish the Constitutional Court’s constitutional and legal findings from criminal judgments; do not attribute every exchange-rate movement to domestic politics.
Source-based context and interpretation
The Constitutional Court's explanation separates martial law, parliamentary demands and impeachment proceedings from the final ruling. The final decision is distinct from the initial declaration, so one date cannot represent both the shock and its institutional resolution. ASSETCASTING interpretation: Separate the declaration, parliamentary response and judicial decision when studying market effects. Compare external rates and export conditions rather than assigning currency or equity recovery solely to institutional resolution.
Evidence coverage through 2025-04-04 · Sources checked 2026-10-14
Related events and periods1
- Diverging monetary-policy paths and the reordering of trade
An event or period whose recorded start falls within this editorial interval. This does not establish that it caused or represents the characteristics of the era, nor guarantee that the entire period falls within the interval.
Historical events do not guarantee future recurrence or investment performance.