South Korean Prime Minister, leaders of the ruling party, and presidential advisers are holding an emergency meeting.

 South Korea's political crisis deepened on Wednesday as Prime Minister, ruling party leaders, and advisers from the presidential office convened for an emergency meeting, following a dramatic 24-hour period that saw President Yoon Suk Yeol issue, then reverse, a martial law decree. The decree, which sent shockwaves throughout the country, plunged South Korea into confusion and unrest, sparking widespread protests and public outcry.

The meeting, set for 2 p.m. local time (12 a.m. ET), is expected to address the fallout from Yoon's controversial decision, which had been seen by many as an overreach of executive power and a threat to democratic norms. Yoon’s hasty reversal of the decree late Tuesday only added to the turmoil, leaving the nation questioning the stability of his leadership.

The political fallout has been swift and severe. Calls for Yoon's resignation have grown louder, with some factions within his own People Power Party (PPP) expressing dissatisfaction with his handling of the situation. The PPP is reportedly considering a motion to demand the resignation of the entire Cabinet, including the dismissal of Defense Minister Kim Yong Hyun, who has also come under fire for his role in the unfolding crisis.

Within the party, discussions are intensifying about whether to formally demand President Yoon's resignation. While some party members fear the political consequences of abandoning their leader, others argue that the severity of the crisis calls for decisive action. The uncertainty surrounding Yoon’s leadership has triggered an unprecedented level of division within the ruling party, which had previously been largely united in its support of his administration.

The emergency meeting, which comes amid widespread speculation about the president's future, is seen as a critical moment for South Korea’s political landscape. It remains unclear whether Yoon will attend, as his leadership is increasingly under siege. The outcome of the meeting could have far-reaching implications, not just for Yoon's presidency, but for the broader political stability of South Korea in the months ahead.