South Korea: President Park's party 'loses majority' in elections
April 13, Seoul: South Korea’s ruling party has lost its majority in parliament after elections aimed at boosting its position, exit polls suggest.
Exit polls forecast the Saenuri party to retain a slight lead over opponents but not enough to secure a majority in the 300-member National Assembly, reports said.
Saenuri previously had only a slim majority in the assembly.
Saenuri was hoping a stronger showing of support in the National Assembly would help her to push through labour and economic reforms before her term in office expires in about 20 months' time.
Park has been criticised over her handling of the economy, which has seen rising unemployment - particularly among the young - falling exports and high levels of household debt, BBC reported.
The Oslo Times