S&P Global Ratings said that it expects the martial law declaration will give pause to foreign investors, but the nation's sovereign credit rating should remain stable.

A person watches a TV screen broadcasting a news report on South Korean President Yoon Suk Yeol's declaration of martial law and the following announcement that he will lift the martial law, after parliamentary vote,

By Josh Smith SEOUL (Reuters) -South Korean President Yoon Suk Yeol, who vowed to make his country a "global pivotal state", faced immediate international diplomatic fallout on Wednesday after his botched attempt to impose martial law.

Yoon Suk Yeol announced the measure in an surprise late night TV address.

A look at the day ahead in Asian markets. A sudden burst of political chaos in South Korea has put investors in Asia on the defensive, pointing to a cautious market open across the continent on Wednesday despite Wall Street's resilience the previous day.

President Yoon Suk Yeol of South Korea declared emergency martial law on Tuesday night, accusing the opposition of plotting “insurgency” and “trying to overthrow the free democracy.” It was the first martial law declaration in more than four decades in South Korea,