Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Asia Markets South Korea markets rise early Monday after President Yoon’s impeachment Published Sun, Dec 15 20248:44 PM ESTUpdated 2 Hours Ago thumbnail Lim Hui Jie thumbnail Dylan Butts @in/dylan-b-7a451a107 WATCH LIVE Key Points South Korean markets are on pace for a fifth straight day of gains after President Yoon Suk Yeol was impeached on Saturday. The blue-chip Kospi rose early Monday morning, but pared gains later in the session. The small-cap Kosdaq was 0.7% higher. In this article .KS11 -6.87 (-0.28%) Follow your favorite stocks CREATE FREE ACCOUNT Protesters calling for the ouster of South Korea President Yoon Suk Yeol react after the result of the second martial law impeachment vote outside the National Assembly in Seoul on December 14, 2024. South Korean lawmakers on December 14 voted to remove President Yoon Suk Yeol from office for his failed attempt to impose martial law last week. (Photo by ANTHONY WALLACE / AFP) (Photo by ANTHONY WALLACE/AFP via Getty Images) Protesters calling for the ouster of South Korea President Yoon Suk Yeol reacting after the result of the second martial law impeachment vote outside the National Assembly in Seoul on Dec. 14, 2024. Anthony Wallace | Afp | Getty Images South Korean markets made early gains on Monday after the impeachment of President Yoon Suk Yeol on Saturday. South Korea’s National Assembly’s second attempt to impeach Yoon succeeded as 204 lawmakers voted in favor of the motion, crossing the two-thirds bar needed to impeach Yoon in the 300-seat chamber. The vote was triggered over Yoon’s short-lived declaration of martial law, which threw the country into political turmoil. The blue-chip Kospi rose early Monday morning, but pared gains later in the session. The small-cap Kosdaq was 0.7% higher. Should both indexes end today in positive territory, it will be a fifth straight day of gains for both indexes. hide content KOSPI Index .KS11:Korea Stock Exchange + View Quote Details 2,487.59 quote price arrow down-6.87 (-0.28%) Last | 12:57 PM JST According to the Constitutional Court Act of 1988, the Constitutional Court must make a final decision within 180 days. If Yoon chooses to leave office before the court’s decision, the impeachment case is dismissed. Investors will continue to assess the political situation as South Korean lawmakers and officials move to reassure allies, financial markets and the public. South Korea’s finance ministry said in remarks on Monday that uncertainties in the country’s political system have eased after Yoon’s impeachment, emphasizing that the economic system remains stable, according to local media reports. A day prior, South Korea’s new acting president was on a call with U.S. President Joe Biden and reportedly assured him that South Korea would carry out its foreign and security policies without disruption. The leader of South Korea’s main opposition party has also announced it would not seek to impeach Han for his involvement in the martial law declaration and has instead offered to work with the government to ease tensions. In this article