The main issue in this morning's news is the passage of the impeachment bill against President Yoon Suk Yeol. The National Assembly voted on the impeachment bill on the 14th and passed it with 204 votes in favor. As political uncertainty is resolved, positive effects are expected in the financial market. KOSPI is likely to recover to the 2600 level and the won-dollar exchange rate is also expected to decline. Meanwhile, the Bank of Korea warned that while the two previous presidential impeachment crises had limited economic impact, the current unfavorable trade environment and global competition mean that prolonged impeachment-related conflicts could inflict greater damage. Additionally, the number of individual borrowers in default on bank loans and card loans recently exceeded 6 million, with delinquent balances approaching 50 trillion won.
