[Breaking News] Democratic Party Claims 'Military Attempts to Enter Lee Jae-myung's Office for Arrest and Detention'
On the 4th, the Korea Exchange announced that it will decide and announce by 7:30 AM the next day whether to operate normally, quietly observing the trading trends of foreign products related to our market.
President Yoon Seok-yeol attended the Polymarket platform for predicting the middle of the escape. On the 4th, at Polymarket, President Yoon is in the process of betting on whether he will be re-elected as president this year. As of 1:54 a.m. on this day, participants in Polymarket see a 40% chance of President Yoon being re-elected this year.
Lee Jaemyung, the representative of the Democratic Party, stated that the emergency order issued by President Yoon Seokyeol was illegal as it did not meet any conditions. On the 4th, the representative said in a press conference, "The emergency order has been invalid from the start. It is illegal and unconstitutional as it did not meet any conditions," adding, "The military and police should follow the orders of the people, not the president who issued an illegal order." He emphasized, "The illegality of the emergency order has been confirmed once again with this National Assembly resolution. Our National Assembly will firmly uphold the constitutional order of the Republic of Korea as the authority for the people who are the sovereign," assuring, "The people can rest assured. We will protect democracy's future, stability, the safety and lives of the people, and their assets."
Ministry of National Defense Official: "Yoon's Presidential Office Dismantlement Not Yet Announced"
The decision on the request for lifting emergency martial law has been made. On the 4th, 190 members of the National Assembly who attended the plenary session unanimously agreed on the decision to request the lifting of emergency martial law. The Speaker of the National Assembly stated, "As a result, the martial law order cannot be effectively implemented." According to Article 77, Clause 5 of the Constitution, if the National Assembly requests the lifting of martial law through a plenary session with more than half of the members' consent, the President must lift it. However, President Yoon Seok-yeol did not announce the lifting of the emergency martial law. On this day, Park Chan-dae, the representative of the Democratic Party, stated, "The emergency martial law order is immediately invalid. The President should lift the emergency martial law immediately." Han Dong-hoon, the representative of the People's Power, also expressed "deep regret as the representative of the ruling party" and stated, "The martial law order has lost its effect. From now on, military and police public power actions are illegal."
Choi Sang-mok, Minister of Economy and Finance, announced on the 4th that he would fully support all measures, including unlimited liquidity supply. On this day, Minister Choi held an emergency meeting on the economic and financial situation and stated, "After the declaration of a state of emergency, we will fully support all stabilization measures, including unlimited liquidity supply, to respond to all market instability factors."
Following President Yoon Suk-yeol's proclamation of martial law on the 3rd, the National Assembly in Yeouido, Seoul was dissolved. After the proclamation, several helicopters appeared in the skies above the National Assembly, and soldiers entered, confronting civilians. At 12 PM on the 4th, about 50 soldiers in military uniforms gathered in front of the National Assembly's main building to control the situation. Earlier, President Yoon Suk-yeol had an emergency conversation at the Yongsan Presidential Office, stating, "To suppress the rebellion and maintain order, martial law is proclaimed," just an hour after the proclamation. After President Yoon's conversation, not only politicians like members of the Democratic Party but also ordinary citizens gathered at the National Assembly to confirm the situation. The police, caught off guard by the sudden proclamation, controlled the scene. Although members of the National Assembly and related personnel were allowed inside, ordinary citizens were strictly controlled from entering. Here, even soldiers joined, and the situation escalated as soldiers and civilians confronted each other. As tensions rose, civilians hurled harsh words at soldiers and police. Some civilians even questioned the soldiers, "Where are you from, and why are you here?" In front of the barricades, civilians confronted soldiers. After President Yoon's martial law proclamation, members of the Democratic Party and People Power Party are continuously gathering at the National Assembly. Reporter Cho Cheol-oh
Chairman Woo Won-sik, National Assembly plenary session proposal… "Proceed with gradual rejection"
President Yoon Seok-yeol announced an emergency economic meeting on the 3rd, causing the stock prices of South Korean companies listed on the US stock market to plummet. On the 4th (local time) at 12:33 PM, KooKmin listed on the New York Stock Exchange fell by 5.6% compared to the previous trading day, and Naver Webtoon Entertainment (Naver Webtoon) listed on NASDAQ dropped by 4%. Samsung Electronics' GDR listed in the UK also plunged by 6.7% right after the announcement of the economic meeting. The ADRs of Korea Electric Power Corporation and POSCO Holdings, SK Telecom, etc., in the US fell by 4.9%, 6.9%, and 2.4%, respectively.
As of 12:27 AM on the 4th, the KOSPI 200 night futures index is currently down 5.14% from the previous trading day, recording 314.00.
The price of Bitcoin (BTC), which was being traded on domestic virtual asset exchanges, plummeted following President Yoon's emergency meeting proposal. On the 3rd, Bitcoin, which was being traded at around 13 million won on Upbit, plummeted by 9 million won following President Yoon's emergency meeting proposal. After a slight recovery, Bitcoin regained the 12.4 million won level at 11:13 AM that day. The Korean price, compared to the global price, temporarily recorded -25%. On the other hand, President Yoon urgently briefed today, stating, "To protect the Republic of Korea from the threat of North Korean communist forces, which are undermining our people's freedom and happiness, and to unite the rebellious anti-national forces, an emergency meeting is proposed to protect the freedom and constitutional order."
Ethereum (ETH) spot ETF's daily inflow size has been recorded as surpassing Bitcoin spot ETF for the first time since its launch. According to data from the research firm on the 29th (local time), Ethereum spot ETF recorded a total inflow of 3.523 billion dollars on this day. On the same day, Bitcoin spot ETF had an inflow of 3.52 billion dollars. The same inflow amount for Ethereum was also reported by BlackRock's ETHA (2.502 billion dollars) and Fidelity's FETH (791 million dollars). Meanwhile, Ethereum is currently trading at 3,640 dollars on the Binance Tether (USDT) market, up 1.5%% from the previous day.
The Upbit platform 'PumpPump' has generated a transaction fee revenue of 3.68 billion dollars since its launch. On the 29th (local time), the online analyst 'ai_9684xtpa' stated, "Since its launch on April 5th this year, PumpPump has collected a total of 152,714,300 SOL (approximately 6.8 billion dollars) in transaction fees." Furthermore, "To date, over 4 million tokens have been distributed through PumpPump. On average, 16,800 new tokens are issued daily through PumpPump," while noting that "42.8%% of the 14 Upbit coins listed are selected projects from PumpPump."
The US Bitcoin (BTC) spot ETF recorded consecutive inflows this week. According to data from Lukeonchain on the 29th (local time), a total of 3.5 billion dollars was inflowed into 10 Bitcoin spot ETFs traded in the US on this day. With this inflow, Bitcoin has once again turned upward. Bitcoin, which had fallen to the 9 million dollar range, was traded at 9.67 million dollars, up 0.3%% compared to the previous day in the Binance Tether (USDT) market.