The defeat of the impeachment motion is expected to increase public protests calling for Yoon's removal and worsen political chaos in South Korea.
In an effort to reassure a nation scarred by decades of brutal martial law and military dictatorship, Yoon asserted there will be no further martial law orders.
Earlier on Saturday, in a televised address, the South Korean president bowed to the nation and stated he was 'very sorry'.
Yoon has pledged to face all legal consequences stating he would not seek to avoid responsibility for his decision, which he says was borne of desperation.
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