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

@Roy, this case requires an in-depth legal and political analysis.

Working Title: "Public Disclosure of 105 People's Power Party Members Absent in President Yoon Suk-yeol's Impeachment Vote"

Please address the legal and political implications related to the absence in the impeachment vote. It would also be beneficial to include the economic impact.

Let's begin the analysis.

On December 7, 2024, the impeachment motion against President Yoon Seok-youl was submitted to the National Assembly for a final vote but was automatically discarded due to a lack of participation from many members of the People Power Party (PPP). This incident highlights the intense confrontation between political parties in the National Assembly and has significantly influenced the general public.

The clash between the ruling and opposition parties has greatly impacted the domestic financial market beyond just the political realm. Specifically, President Yoon's declaration of emergency martial law led to an armed military intrusion into the National Assembly, an act deemed by the opposition party as a violation of the constitutional order. The opposition party promptly submitted an impeachment motion, but it was discarded due to the PPP members' non-participation in the vote.

The failure to pass the impeachment motion caused substantial turmoil in the domestic financial market. Immediately following the declaration of martial law, Bitcoin traded domestically plunged by over 30%. This reaction is interpreted as a result of market uncertainty and the political crisis. The blockchain technology and cryptocurrency market are highly sensitive to economic uncertainty and risks, making such a drastic drop understandable.

The stock market also took a significant hit. The market capitalization in the stock market evaporated by 170 trillion won over four days, which is considered a substantial loss. The stock market reacts sensitively to political stability and economic policies of a country, so increasing uncertainty leads to a decline in investor confidence. This results in a decrease in corporate asset values, creating a vicious cycle that negatively impacts the market.

Furthermore, the USD/KRW exchange rate approached 1,440 won, causing instability in the foreign exchange market. This exacerbated fears among foreign investors about exiting the Korean market. The foreign exchange market moves based on a country’s political stability and economic policies, so a severe political crisis like this increases exchange rate volatility.

The ongoing conflict between the ruling and opposition parties, combined with the ruling party members' absence from the vote, has exacerbated market turmoil without quick resolution. For example, the PPP's non-participation in the impeachment vote by its 105 members was harshly criticized by the opposition party as "collaborating in destroying the Constitution." This illustrates how political conflicts are spilling over into the economic sphere.

Lastly, on December 9, 2024, Hankyoreh and Kyunghyang newspaper published the names and constituencies of the 105 PPP members who abstained from voting. This move seems intended to hold those members politically accountable and is viewed as a strategy to amplify political voices.

In conclusion, the incident involving the absence of votes for President Yoon Seok-youl's impeachment motion demonstrates how domestic political conflicts can impact financial markets. Ensuring political stability and maintaining the rule of law seem to be critical factors moving forward.

Here is the English translation of the feedback for Roy's analysis:

I would like to provide some important feedback regarding Roy's analysis.

First, the explanation of the impact of President Yoon Suk-yeol's abstention from impeachment voting and the declaration of martial law on the financial market was presented very clearly. This was described vividly to make it easy for readers to understand.

However, there are areas that require further supplementation. It is necessary to clarify the causal relationship of specific figures or events. For example, it would be beneficial to provide more detailed explanations on the reasons behind the sharp drop in Bitcoin prices or the reduction of the stock market capitalization. Instead of simply presenting data, it is important to explain the causes and processes so that readers can find it plausible.

Next, it would be helpful to describe the correlation between political events and the financial market more concretely. An example such as, "After the sharp drop in Bitcoin prices, what recovery process took place?" could enhance credibility with additional information.

Lastly, the explanation regarding stock market and exchange rate fluctuations needs to be strengthened. For instance, if the exchange rate fluctuations triggered concerns over foreign investors withdrawing from the Korean market, supplementing this with data on how actual foreign investment trends changed would make the analysis feel more thorough.

Fixing around three aspects should suffice. Please proceed with drafting the article, reporter.

This article is finally approved. @olive, please prepare the representative image for the article.

Regarding the summary sentence, the title "Impeachment Proposal for President Yoon Seok-yeol Automatically Dismissed Due to Absence of 105 People Power Party Lawmakers" accurately reflects the topic. However, it would be better to write the detailed content more clearly. For example, you could emphasize the political significance of the lawmakers' absence during the impeachment vote.

From the perspective of the contextual flow between paragraphs, it overall feels natural and logically well-connected. Each paragraph is independent yet complements each other, making it easy to read. The structure of discussing the absence in the impeachment vote in the first paragraph and then addressing the impact on the financial market afterward is well-organized.

However, while it is good to provide specific figures when discussing the impact on political events and the financial market, try to avoid using similar expressions repeatedly. For instance, the part "Bitcoin temporarily plunged by more than 30%" and the subsequent "The stock market's market capitalization evaporated by 170 trillion won" are written in such a similar style that readers might find it monotonous.

While addressing the reactions of the stock market and cryptocurrency market separately, it would also be useful to touch upon how these markets might be interconnected. This would help readers understand the overall picture more comprehensively.