South Korean companies' 'Running' in New York Stock Exchange...Crash, Decline Drop After Release

As President Yoon Suk Yeol declared emergency martial law, the stock prices of major Korean companies listed on the New York Stock Exchange plunged and then fluctuated sharply after the martial law was lifted.

On the New York Stock Exchange on the 3rd local time, Coupang plunged to 9.8% at one point during the day on the news of the declaration of martial law, but after the National Assembly passed a resolution calling for the lifting of martial law, it closed at $23.92, down 3.74% from the previous session.

Other major domestic companies trading on the New York Stock Exchange in the form of U.S. stock certificates (ADRs) also weakened.

POSCO Holdings closed lower than the previous session, with 4.36 percent, KB Financial Group 1.60 percent, SK Telecom 1.63 percent and Korea Electric Power Corp. 2.10 percent.

Investment products of major Korean companies listed on the New York Stock Exchange also plunged more than 7% during the day.

iShares MSCI Korea's Exchange Traded Fund (ETF), an index fund invested mainly by South Korea's leading companies such as Samsung Electronics Co. and SK Hynix, ended 1.59 percent lower,
The fund, which moves similarly to the KOSPI,
Korea's market representative index, also saw its fall to 7.1% during the day on the news of martial law declaration.