American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Politics

South Korea’s prime minister and top presidential officials resign en masse

by admin April 12, 2024
April 12, 2024
South Korea’s prime minister and top presidential officials resign en masse

South Korea’s prime minister and senior presidential officials have offered to resign en masse following Wednesday’s parliamentary elections.

Prime Minister Han Duck-soo and all senior presidential advisers to conservative President Yoon Suk Yeol submitted their resignations, according to Yoon’s office, after Wednesday’s elections dealt a huge blow to Yeol’s party. The elections secured the liberal opposition forces’ control of parliament until after Yoon completes his single five-year term in 2027. 

The results will likely set back Yoon’s domestic agenda and weaken his grip on the party. He will also have to face the opposition’s intensifying political offensive during his remaining three years, experts say.

Yoon’s office did not immediately say whether Yoon would accept their resignations.

With most of the votes counted, the main opposition Democratic Party and its satellite party appeared to have won a combined 175 seats in the 300-member National Assembly, according to South Korean media tallies.

Yoon’s ruling People Power Party was projected to have obtained 108 seats.

The final official results were expected later Thursday.

The final voter turnout for South Korea’s 44 million eligible voters was the highest for a parliamentary election since 1992, according to the National Election Commission.

In a news conference, ruling People Power Party leader Han Dong-hoon announced he was stepping down to take responsibility for the election defeat.

‘I apologize to the people on behalf of our party, which wasn’t good enough to win the people’s choices,’ he said.

Yoon, a former top prosecutor who took office in 2022, will stay in power and his major foreign policies will likely be unchanged. 

Democratic Party leader Lee Jae-myung, who lost the 2022 presidential election to Yoon, praised Wednesday’s results. 

‘The results of the parliamentary elections are not the victory by the Democratic Party, but the great victory by our people,’ Lee said Thursday. ‘Now, the elections are over. Both the ruling and opposition political parties must pull together all their strength to resolve economic and public livelihood problems.’

In South Korea, executive power is mostly wielded by the president, but the prime minister is the country’s No. 2 official and would take power if the president becomes incapacitated.

The incoming parliament is to begin meeting on May 30 for a four-year term. 

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Biden, Harris announce new campaign push for LGBTQ support, call members ‘a force to be reckoned with’
next post
Tesla settles lawsuit over Autopilot crash that killed Apple engineer

Related Posts

No Labels still pursuing third-party candidates after Manchin’s...

February 20, 2024

Gaza aid from US, others falling short as...

March 16, 2024

Israel prepares for Iran attack amid warnings that...

August 5, 2024

Trump says he ‘will never advocate imposing restrictions...

May 23, 2024

How Dollar General can fight back against Walmart’s...

March 16, 2025

Biden vs. Trump. Is a debate fair game...

June 27, 2024

SCOTUS sees ‘dangerous precedent’ in Trump immunity case...

April 27, 2024

Biden enters first presidential debate with just 42%...

June 28, 2024

House Republican cracks down on foreign cash funneled...

February 1, 2024

Cramer reveals a sub-sector of technology that can...

March 1, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved