Reuters is carrying a story on Wednesday, citing that South Korean opposition parties submitted an impeachment bill against President Yoon Suk Yeol.
The vote on the impeachment bill could take place either on December 6 or 7.
Market reaction
USD/KRW erases earlier gains to trade 0.25% lower on the day near 1,410 at press time. The pair jumped to fresh two-year highs near 1,445 on Tuesday amid the South Korean political instability.
Source: https://www.fxstreet.com/news/south-korean-opposition-parties-submit-impeachment-bill-against-president-yoon-krw-rebounds-202412040612