Traders are bracing for a period of sustained volatility in South Korean assets as markets reopen on Monday, with the won and stocks seen under initial pressure after a weekend of high drama deepened the political crisis.

Trading desks are assessing the possibility of a prolonged stalemate after Saturday’s impeachment motion against President Yoon Suk Yeol failed. With Yoon facing intense pressure to resign, ruling People Power Party leader Han Dong-hoon on Sunday said Prime Minister Han Duck-soo will manage the nation’s affairs while his party prepares an orderly exit plan for the president.