While the South Korean won racked up the biggest losses among Asian currencies in the final quarter of 2024, investors say part of that drop is due to a strong US dollar trend and global trade risks linked to US President-elect Donald Trump, rather than domestic politics.

We cannot overlook the fact that a president of a 37-year-old democracy self-righteously declared martial law. While South Korea is still in turmoil, Yoon’s position of justifying martial law despite internal and international criticism is shocking.