South Korea's Whirlwind Stint in Martial Law Jolts Markets [Yahoo! Finance Canada]
Coupang, Inc. Class A (CPNG)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg In an emergency address delivered live to the nation, Yoon stunned voters, lawmakers and investors alike by declaring martial law on Tuesday after accusing the opposition of trying to paralyze his administration. The decision, Yoon said, was made to protect freedom and constitutional order, but the market's early verdict was swift: South Korean-related ETFs, its currency and most actively traded stocks all sharply weakened, while US government bonds and even Bitcoin were also briefly caught up in a risk-off flight to quality. Korean shares and the won then regained some lost ground after South Korean authorities vowed to provide “unlimited liquidity” to markets as needed and lawmakers voted to request lifting the shock measure, which Yoon ultimately agreed to do. Even so, the move, however brief, created fresh uncertainties within a major economy and pillar of global trade, keeping investors on edge. “This is clearly going to raise longer term concern
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News
- South Korea stocks pummeled amid government turmoil following declaration of martial law [Yahoo! Finance]Yahoo! Finance
- South Korea stocks plunge as president declares martial law [Yahoo! Finance]Yahoo! Finance
- What To Know About South Korea Which Is Suddenly Under Martial Law [Forbes]Forbes
- Paramount+ Unveils Deal With South Korean Streamer Coupang at Content London [Yahoo! Finance]Yahoo! Finance
- South Korean Stocks Tumble, Won Drops as Martial Law Declared [Yahoo! Finance]Yahoo! Finance
CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website