Ultimately the South Korean political crisis will be resolved by constitutional reform and an election leading to a left-wing government. There’ll no further threat of a coup or imposition of martial law. The arrest warrant for impeached President Yoon Suk Yeol has been allowed to lapse removing a flash point. The impeachment process before the Supreme Court will be allowed to run its course. That avoids a criminal trial of Yoon that would have been very divisive.
For investors this means a long wait until the political issues are resolved. This will probably continue to weigh on Korean assets and the currency.