In a shocking move, South Korean President Yoon Suk Yeol has declared emergency martial law, citing threats from anti-state elements and the need to restore order amid rising tensions and protests against his administration. This declaration has sparked immediate backlash, with the South Korean parliament quickly voting to block the move and lift martial law hours after its announcement. The political chaos has caused market reactions, with the South Korean currency tumbling and the stock market suffering losses during U.S. trading hours. As tensions escalate, protests outside the National Assembly have intensified, leading to clashes between civilians and military forces, while the U.S. watches the developments with grave concern. The situation remains fluid as lawmakers continue to defy the president and seek to regain control amidst fears of a constitutional crisis.