South Korea’s largest trade union federation, the Korean Confederation of Trade Unions (KCTU), has announced an indefinite general strike in response to President Yoon Suk Yeol’s declaration of martial law.
In a strongly worded statement, the union demanded Yoon’s immediate resignation, condemning the martial law order as an assault on democracy and workers’ rights.
“We will go on an indefinite general strike until the Yoon administration steps down,” the KCTU vowed.
Echoes of History
The KCTU compared Yoon’s actions to those of past military regimes, including the authoritarian rule of Park Chung-hee and Chun Doo-hwan, known for their crackdowns on organized labor and civil liberties.
“Martial law was the means chosen by the military dictatorship to destroy democracy and human rights,” the union emphasized.
Calls for Reversal Grow
In a surprising twist, Yoon’s own party, the People Power Party, has joined opposition lawmakers in calling for the repeal of martial law.
Lawmakers from both sides voted to revoke the order, signaling a rare moment of unity in the National Assembly.
“The declaration of martial law is unconstitutional,” said Eunice Kim, a political analyst in Seoul.
Market Impact and Government Response
The economic fallout has been swift. The Korean won plunged to its lowest levels, trading at 1,441 per dollar.
Finance Minister Choi Sang-mok announced that the government would deploy “all available resources” to stabilize markets.
“Unlimited liquidity will be provided to address potential instability,” Choi said after an emergency meeting with financial regulators.
Impeachment Looms
Political experts believe the crisis could lead to Yoon’s impeachment.
“This radical decision will likely catalyze impeachment proceedings,” said Sojin Lim, co-director of the International Institute of Korean Studies.
Global Reactions
The Kremlin expressed concern over the unfolding situation, with spokesperson Dmitry Peskov stating, “We are watching closely.”
The White House and other global leaders have yet to issue formal responses.
Resistance in Parliament
Opposition leader Lee Jae-myung declared that Democratic Party lawmakers would remain inside the National Assembly until martial law is lifted.
“We will protect our democracy with our lives,” Lee stated.
