White House "Relieved to lift the martial law...Democracy, the basis of the Korea-U.S. alliance"

2024.12.04 AM 08:47
White House "Not notified in advance of declaration of emergency martial law in South Korea"
Democracy is the basis of the ROK-U.S. alliance...Keep an eye on the situation"
White House "Didn't receive prior notification of declaration of emergency martial law in South Korea"
U.S. government emphasizes democracy and serious concerns...a negative reaction
[Anchor]
The White House said it was relieved at the news of South Korea's lifting of the emergency martial law, but said, "Democracy is the basis of the South Korea-U.S. alliance."

The U.S. media predicted that there will be significant repercussions in the future, saying that South Korea's martial law has put the South Korea-U.S. alliance to the test.

Connect to Washington. Correspondent Hong Sang-hee!

[Let's go]
Yes. It's Washington.

[Anchor]
The U.S. response to President Yoon's termination of martial law also came out, right?

[Reporter]
A White House National Security Council spokesperson responded to YTN's inquiry by saying he was relieved that Yoon Suk Yeol had changed his stance on declaring martial law and respected the parliament's vote to lift the martial law.

At the same time, he stressed that democracy is the basis of the South Korea-U.S. alliance and said he would keep an eye on the situation.

Earlier, the White House said it had not been notified in advance of President Yoon's declaration of emergency martial law and was seriously concerned.

The U.S. emphasis on democracy as the basis of the Korea-U.S. alliance is also interpreted as an intention to highlight that the emergency martial law situation in Korea has gone against the spirit of democracy.U.S. Deputy Secretary of State Kurt Campbell, who announced his position before the lifting of martial law, stressed that he is keeping an eye on the recent situation in South Korea with grave concerns.

Let me listen to Deputy Secretary Campbell for myself.

[Kurt Campbell / U.S. Deputy Secretary of State] We are watching the developments in Korea with grave concerns. I want to emphasize that the alliance with South Korea is ironclad, and I want to emphasize that the United States is on the side of South Korea in times of uncertainty.]

[Anchor]
There was also a series of foreign media reports on the martial law situation. What is the tone of the foreign press?

[Reporter]
A series of critical reports followed with a common response of shock.

The New York Times reports that the South Korea-U.S. alliance is facing its biggest test in decades due to the declaration of martial law.

The Biden administration, which has valued democracy, has been working with South Korea to counter Russia, China and North Korea with democracy versus dictatorship, he said, predicting that South Korea will have to make a difficult choice.

The Washington Post also predicted that martial law lasted six hours, but many people were angry, and that there would be widespread repercussions.

CSIS, a Washington think tank, also analyzed that President Yoon Suk Yeol's chances of survival in Korea are uncertain due to the storm after the declaration of martial law.

[Anchor]
What was the impact of the New York Stock Exchange?

[Reporter]
Stock prices of major Korean companies listed on the U.S. stock market immediately after the martial law was declared were on a rollercoaster ride.

Shortly after the news of martial law broke on the New York Stock Exchange on the 3rd, Coupang plunged 9.8% during the day, and POSCO Holdings also fell more than 7%.

However, as the National Assembly passed a resolution calling for the lifting of martial law, the fall was reduced.

POSCO Holdings closed down 4.36 percent and Coupang closed down 3.74 percent on the New York Stock Exchange, while KB Financial Group and SK Telecom fell around 1 percent, showing weakness.

The New York Stock Exchange ended in a mixed mood as President Yoon lifted martial law, with Korea's exchange-traded funds and ETFs also plunging more than 7% during the day and then falling around 1%.

So far, I've delivered it from Washington.



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