South Korean President to resign
Nov 29, Seoul: South Korea's President Park Geun-hye has announced that she will be stepping down amid an investigation into whether she allowed a long-time friend to influence political decisions for personal gain.
According to reports, she said she would "leave to parliament everything about my future including shortening of my term", but did not want to leave a power vacuum. Park has apologised and said she is "heartbroken" by the political crisis around her, but has refused to stand down.
In her televised address on Tuesday, her third since reports of the scandal began, Park said she would step down "once lawmakers come up with measures to transfer power in a way that minimises any power vacuum and chaos in governance".
The Oslo Times International News Network