South Korean authorities attempt to arrest President Yoon Suk Yeol

South Korean investigators were reportedly involved in a standoff with a military unit inside the presidential residence as they attempted to arrest the country’s suspended leader, Yoon Suk Yeol, weeks after his botched attempt to declare martial law on December 3, per Reuters. 

“The execution of the arrest warrant for President Yoon Suk Yeol has begun,” the office said in a statement. 

Market reaction

At the press time, the USD/KRW pair was down 0.39% on the day to trade at 1467.32.