The South Korean Parliament has impeached President Jun following a controversial declaration of martial law that drew global attention. During the impeachment process, which the Constitutional Court must resolve within 180 days, Prime Minister Hoku will assume leadership responsibilities. If the court upholds the impeachment, President Jun will be permanently removed from office, necessitating a presidential election within 60 days. This marks the third instance of a South Korean president facing impeachment, with past cases including President Pakun's removal in 2017 and President Nuhan's reinstatement in 2004 after the court overturned his impeachment. Despite initial economic setbacks following the martial law declaration, South Korea's financial markets have largely recovered, although the country's stocks and currency remain among the year's poorest performers. President Jun has vowed to continue serving the nation and has urged government officials to maintain their duties under the interim leadership of the Prime Minister.