105 Ruling Party Lawmakers Abstain, President Yoon Impeachment Dismissed: Full List Revealed

- Impeachment Motion Against President Yoon Suk-yeol Submitted to Plenary Session, Majority of People Power Party Lawmakers Abstain from Voting - Bitcoin Plunges Over 30% After Impeachment Motion Rejected, Stock Market Capitalization Drops by 170 Trillion Won [Unblock Media] On December 7, 2024, an impeachment motion against President Yoon Suk-yeol was submitted to the National Assembly's plenary session. However, it was automatically discarded due to the abstention of a majority of People Power Party lawmakers. This incident highlights the intense opposition among political parties in the assembly, which has significantly impacted the public. In a particularly dramatic turn of events, President Yoon declared emergency martial law, leading to armed soldiers storming the National Assembly. The opposition party interpreted this as an act of constitutional sabotage and immediately filed an impeachment motion. Yet, with the People Power Party lawmakers abstaining, the motion was annulled. This political strife caused substantial turmoil in the domestic financial markets. Following the declaration of martial law, Bitcoin traded in the domestic market plummeted over 30% temporarily, which is seen as a result of market uncertainty and political crisis. The sharp drop in Bitcoin prices is attributed to Korea's political chaos, and this could have a contagion effect on other emerging cryptocurrency markets, drawing international attention. Additionally, the stock market suffered similarly severe impacts. The market capitalization of the stock market dropped by 170 trillion won over four days, a significant loss. The stock market reacts sensitively to political stability and economic policies, and heightened uncertainty can erode investor confidence. This decline in confidence resulted in a sharp drop in corporate asset values, creating a vicious cycle that further adversely affected the market. Furthermore, the dollar-won exchange rate approached 1,440 won, causing turbulence in the foreign exchange market. This heightened concerns that foreign investors might withdraw from the Korean market. Exchange rates move based on a country's political stability and economic policies; thus, a major political crisis like the current one increases exchange rate volatility. Significant foreign capital outflow was observed, exacerbating the instability of Korea's financial markets. The abstention of 105 People Power Party lawmakers from the vote was harshly criticized by the opposition as an "act complicit in destroying the constitution." This illustrates how political conflicts can extend into the economic sphere, showing the public how political disputes translate into financial market volatility and subsequently lead to economic instability among the general populace. On December 9, 2024, both the Hankyoreh and Kyunghyang newspapers revealed the names and constituencies of the 105 abstaining People Power Party lawmakers. This move appears to be an effort to hold politicians accountable in the eyes of the public and seems to be a strategy to amplify political voices. In conclusion, the event surrounding President Yoon Suk-yeol's impeachment vote abstention vividly demonstrates how domestic political conflict can impact financial markets. Maintaining political stability and legal order will likely be crucial factors moving forward. The list of 105 People's Power Party lawmakers who did not participate in the vote on President Yoon Suk-yeol's impeachment motion is as follows: Seoul: Go Dong-jin (Gangnam-gu Byeong), Kwon Young-se (Yongsan-gu), Kim Jae-seop (Dobong-gu Gap), Na Kyung-won (Dongjak-gu Eul), Park Su-min (Gangnam-gu Eul), Park Jeong-hoon (Songpa-gu Gap), Bae Hyun-jin (Songpa-gu Eul), Seo Myung-ok (Gangnam-gu Gap), Shin Dong-wook (Seocho-gu Eul), Cho Eun-hee (Seocho-gu Gap), Jo Jung-hoon (Mapo-gu Gap) Busan: Gwak Gyu-taek (Seo-gu Dong-gu), Kim Dae-sik (Sasang-gu), Kim Do-eup (Gangseo-gu), Kim Mi-ae (Haeundae-gu Eul), Park Sung-hoon (Buk-gu Eul), Park Soo-young (Nam-gu), Seo Ji-young (Dongnae-gu), Jeong Dong-man (Gijang-gun), Jeong Seong-guk (Busanjin-gu Gap), Jeong Yeon-wook (Suyeong-gu), Cho Seung-hwan (Jung-gu Yeongdo-gu) Daegu: Kang Dae-sik (Dong-gu Gunwi-gun Eul), Kim Ki-woong (Jung-gu Nam-gu), Kim Sang-hoon (Seo-gu), Kim Seung-soo (Buk-gu Eul), Yoon Jae-ok (Dalseo-gu Eul), Yoon Young-ha (Dalseo-gu Gap), Joo Ho-young (Suseong-gu Gap), Lee In-seon (Suseong-gu Eul), Woo Jae-joon (Buk-gu Gap) Gyeonggi: Kim Seon-kyo (Yeoju-si Yangpyeong-gun), Kim Seong-won (Dongducheon-si Yangju-si Yeoncheon-gun Eul), Kim Yong-tae (Pocheon-si Gapyeong-gun), Kim Eun-hye (Seongnam-si Bundang-gu Eul), Song Seok-jun (Icheon-si) Gangwon: Kwon Seong-dong (Gangneung-si), Park Jeong-ha (Wonju-si Gap), Lee Yang-su (Sokcho-si Inje-gun Goseong-gun Yangyang-gun), Lee Cheol-gyu (Donghae-si Taebaek-si Samcheok-si Jeongseon-gun), Yoo Sang-beom (Hongcheon-gun Hoengseong-gun Yeongwol-gun Pyeongchang-gun), Han Ki-ho (Chuncheon-si Cheorwon-gun Hwacheon-gun Yanggu-gun Eul) Gyeongsangnam-do (South Gyeongsang):Kang Min-guk (Jinju-si Eul), Kim Jong-yang (Changwon-si Uichang-gu), Kim Tae-ho (Yangsan-si Eul), Park Dae-chul (Jinju-si Gap), Park Sang-woong (Miryang-si Uiryeong-gun Ham-an-gun Changnyeong-gun), Seo Beom-soo (Uljugun), Seo Cheon-ho (Sacheon-si Namhae-gun Hadong-gun), Yoon Han-hong (Changwon-si Masanhoewon-gu), Choi Hyung-doo (Changwon-si Masanhappo-gu), Jeong Jeom-sik (Tongyeong-si Goseong-gun), Seo Il-jun (Geoje-si) Chungcheongbuk-do (North Chungcheong): Park Deok-heum (Boeun-gun Okcheon-gun Yeongdong-gun Goesan-gun), Eom Tae-young (Jecheon-si Danyang-gun), Lee Jong-bae (Chungju-si) Chungcheongnam-do (South Chungcheong):Kang Seung-kyu (Hongseong-gun Yesan-gun), Seong Il-jong (Seosan-si Taean-gun), Jang Dong-hyuk (Boryeong-si Seocheon-gun) Ulsan: Kim Ki-hyun (Nam-gu Eul), Park Sung-min (Jung-gu), Seo Beom-soo (Uljugun) Incheon: Bae Joon-young (Jung-gu Ganghwa-gun Ongjin-gun), Yoon Sang-hyun (Dong-gu Michuhol-gu Eul) Gyeongsangbuk-do (North Gyeongsang): Kang Myung-gu (Gumi-si Eul), Kim Seok-ki (Gyeongju-si), Kim Hyung-dong (Andong-si Yecheon-gun), Kim Jung-jae (Pohang-si Buk-gu), Lee Sang-hwi (Pohang-si Nam-gu Ulleung-gun), Lee Man-hee (Yeongcheon-si Cheongdo-gun), Park Hyung-soo (Uiseong-gun Cheongsong-gun Yeongdeok-gun Uljin-gun), Jeong Hee-yong (Goryeong-gun Seongju-gun Chilgok-gun), Im Jong-deuk (Yeongju-si Yeongyang-gun Bonghwa-gun), Gu Ja-geun (Gumi-si Gap), Jo Ji-yeon (Gyeongsan-si) Proportional Representatives: Kang Seon-young, Kim Geon, Kim Min-jeon, Kim So-hee, Kim Jang-gyeom, Park Joon-tae, Park Chung-kwon, Ahn Sang-hoon, Yoo Yong-won, Lee Dal-hee, In Yo-han, Jin Jong-oh, Choi Bo-yoon, Choi Soo-jin, Han Ji-ah