On December 3, 2024, South Korean President Yoon Suk Yeol declared emergency martial law, citing the need to protect the country from alleged "communist forces" and anti-state activities. The declaration came amid accusations against the opposition party, though specific details about the duration and scope of the martial law remain unclear.

This market will resolve YES if martial law in South Korea remains in effect at 11:59 PM KST on Sunday, December 8, 2024. The market will resolve NO if martial law is lifted or suspended before this time. Resolution will be based on official government announcements or credible media reports.