South Korea crisis live: motion to impeach President Yoon submitted, say opposition parties

Opposition Democratic party lawmakers have called on Yoon Suk Yeol to resign immediately or they would seek his impeachment

• Yoon Suk Yeol faces calls to resign after martial law shock
• Explainer: what happened and what comes next?

South Korea’s finance ministry has said it stood ready to deploy “unlimited” liquidity into financial markets after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows, Reuters reports.

The announcement came after finance minister Choi Sang-mok and Bank of Korea governor Rhee Chang-yong held emergency talks overnight, and as the central bank board abruptly met to approve rescue measures for the local credit market.