Martial law spurs market reaction: President Yoon’s declaration of martial law in South Korea triggered a sharp 2% decline in the Kospi index. MAJOR companies like Samsung experienced a 1% fall, while LG Energy Solution saw a 2.8% decrease. The government responded with a market support package of nearly $7 billion.
Crypto market hits record trading volumes: In contrast, the crypto market in South Korea saw trading volumes soar to $34.2 billion. Upbit, the leading exchange, contributed $27.25 billion to this unprecedented activity. Bitcoin’s price initially plunged to 88 million won ($62,182) amid the chaos but rebound as stability returned.