South Korea's Yoon Suk Yeol Removed, Court Says President 'Committed A Grave Betrayal'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 04 2025
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Source: Benzinga
Impeachment of South Korea's President: Yoon Suk Yeol was removed from office by the Constitutional Court after being impeached for declaring martial law, which was deemed a violation of constitutional authority and trust with the public.
Political and Economic Impact: Acting president Han Duck-soo will serve until a new election is held, while political uncertainty has negatively affected South Korean markets, with significant declines in major ETFs and the KOSPI index.
Analyst Views on EWY
Wall Street analysts forecast EWY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 115.660
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Current: 115.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
