Seoul, Dec 25 (NationPress) The primary business association in South Korea stated on Wednesday that it has dispatched letters urging support for the Korean economy from its 33 global peers in light of the political unrest triggered by President Yoon Suk Yeol's failed martial law declaration earlier this month.

The Federation of Korean Industries (FKI) indicated that it has sent these letters to the chairpersons of 33 business organizations across 31 nations, including the United States, Japan, and China, as reported by the Yonhap news agency.

According to the FKI, “The South Korean economy continues to exhibit stability due to its solid fundamentals and high sovereign credit ratings, despite the ongoing political challenges. The government and business sectors are exerting every effort to mitigate the effects of this political disaster,” as stated in a press release.

The government is currently negotiating to offer incentives for international companies contemplating investments in Korea. Korean enterprises are set to proceed with their planned investments while proactively adapting to shifts in the global trading landscape, especially with the impending Donald Trump administration next month, the release noted.

The FKI emphasized its commitment to maintaining communication with international business entities to ensure South Korea preserves its existing credit ratings.

Additionally, Chey Tae-won, the chairman of the Korea Chamber of Commerce and Industry, and Yoon Jin-sik, the chairman of the Korea International Trade Organization, have also sent analogous letters to their global counterparts.

In the meantime, Yeol is not expected to respond to the request for questioning this week as per his legal counsel. The investigation team looking into the martial law matter is aiming to interrogate Yoon regarding his alleged role in the unsuccessful martial law implementation on December 3, facing accusations of insurrection and abuse of power, and had requested his presence for questioning on Wednesday.

The Corruption Investigation Office for High-ranking Officials (CIO) has issued summons to Yoon's representatives twice, requesting his attendance for questioning as part of their inquiry into his brief martial law order. Yoon did not respond to the initial summons that requested his attendance the previous Wednesday.