Although the martial law imposed by South Korean President Yoon Suk-yeol has been short-lived, it has already damaged investors' views on the country's financial assets and may harm South Korea's efforts to improve its position in global indices of developed markets, and may prolong the lifespan of the "discount on South Korea", which means that South Korean stocks continue to be undervalued compared to stocks in other global markets. Jason Thomas, Global Head of Research and Investment Strategy at The Carlyle Group, said: "We expect higher levels of volatility in the future, which may actually worsen the so-called "discount on South Korea". Risk premiums will increase for a period of time, but I believe that as long as the South Korean government maintains its commitment to liquidity, there will be no severe selling."