South Korean opposition parties file impeachment bill against President Yoon, KRW rebounds

Reuters is publishing a story on Wednesday, citing that South Korea’s opposition parties introduced an impeachment bill against President Yoon Suk Yeol.

The vote on the impeachment bill could take place on December 6 or 7.

Market reaction

USD/KRW erases earlier gains to trade 0.25% lower on the day near 1,410 at press time. The pair jumped to new two-year highs near 1,445 on Tuesday amid South Korea’s political instability.

Source: Fx Street

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