South Korean President Yoon Suk Yeol is facing impeachment calls following his abrupt declaration and subsequent retraction of martial law, creating a significant political crisis. Opposition parties are united in proposing an impeachment bill after parliament rejected his measures to ban political activities and control media. Demonstrations against Yoon have escalated, with protests demanding his resignations while South Korea’s markets reacted negatively to the turmoil. Yoon’s leadership has been increasingly unpopular, further complicating the political landscape in the country.

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