President Yoon Suk-yeol is making an emergency announcement at the Yongsan Presidential Office Building in Seoul on the 3rd. Photo by Yonhap News
As President Yoon Suk-yeol declared martial law, the won-dollar exchange rate showed a sharp rise in after-hours trading.
In the Seoul foreign exchange market, as of 11:12 p.m. on the 3rd, the won-dollar exchange rate was trading at 1,424.2 won.
The won-dollar exchange rate, which closed at 1,402.9 won in daytime trading at 3:30 p.m. that day, surged nearly 30 won during after-hours trading.
The sharp rise in the won-dollar exchange rate occurred around 10:30 p.m. when President Yoon declared martial law. Upon hearing the news of President Yoon's declaration of martial law, the rate soared to 1,430.0 won at 10:53 p.m.
In an emergency statement at the Yongsan Presidential Office that day, President Yoon stated, "I declare martial law to eradicate pro-North Korean forces and to protect the free constitutional order."
President Yoon said, "Through this martial law, we will rebuild and protect the Republic of Korea, which is falling into the abyss of national ruin," adding, "To this end, I will definitely eradicate the traitors and anti-state forces who have committed heinous acts until now."
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