South Korean President Park Geun-Hye speaks during an address to the nation. Photo credit: Ed Jones-Pool/Getty Images
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South Korean President Park Geun-hye Has Offered To Step Down
South Korea's President Park Geun-hye said she will resign once the parliament produces a plan for the safe transfer of power. This announcement came after massive protests calling for her removal amid a mounting scandal. She said while addressing the nation:
If the ruling and opposition parties discuss and come up with a plan to reduce the confusion in state affairs and ensure a safe transfer of government, I will resign from the presidential position under that schedule and by processes stated in law.
Earlier, Geun-hye dismissed claims that she colluded with a confidante who allegedly extorted companies to amass an illicit fortune. Parties from the opposition have been closing in on an impeachment motion against her. Even her allies in the ruling party asked her to step down “honourably”.