On December 3rd, after the South Korean president declared martial law, South Korean assets experienced a big dump, triggering concerns among investors about political instability and volatility. iShares MSCI South Korea ETF fell 5.1% in the US market, marking the largest single-day fall since August 5th. The exchange rate of the Korean won against the US dollar fell to its lowest level in over two years. The stock price of Samsung Electronics, listed in London, fell 5%. Arup Chatterjee, a strategist at Bank of America in New York, said that in recent weeks, with the market starting to digest the possibility of the US raising tariffs under the leadership of the Trump administration, the uncertainty in South Korea has increased under external pressures. Other South Korean ADR companies also experienced falls. Coupang Inc. fell 6.9% in the US stock market, while Posco Holdings Inc. and KB Financial Group Inc. also experienced falls.