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.

 

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