TOKYO -- South Korea's stocks and currency are expected to continue to suffer from the fallout of a political crisis triggered by President Yoon Seok Yeol's now-reversed martial law declaration, as he faces an impeachment motion.
Yoon's bombshell move has added to the woes of South Korea's financial markets, which were already weak. Economists expect the crisis to dent consumer spending and business confidence. Strategists had previously forecast a tough year ahead due to the country's exposure to the U.S. and China.
