Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Politics

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

by April 11, 2024
April 11, 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
previous post
Judge in Trump classified docs case grants Jack Smith request to redact witness names
next post
2023 Q4 Earnings Analysis and Projections Through 2024 Q4

Related Posts

SEN. JOHN THUNE: The modern Republican Party and...

November 11, 2024

Federal judge partially blocks Trump’s effort to deny...

April 24, 2025

House committee demands interviews with FEMA employees about...

November 18, 2024

With 4 days until voting starts, ‘election season’...

September 2, 2024

There cannot be a unilateral move at the...

April 24, 2024

IDF says ‘mission is not over’ until hostages...

October 20, 2024

Pentagon releases data on controversial abortion travel policy...

March 27, 2024

Kremlin suggests another US-Russia prisoner swap could be...

February 20, 2025

Biden’s threat to withhold weapons from Israel shows...

May 10, 2024

Trump victory boosts conservatives in Latin America, wake-up...

December 2, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Biden jokes ‘I’m a young man’ during interview with Special Counsel Robert Hur

      May 17, 2025
    • FLASHBACK: Biden shrugs off Hur report when pressed by Peter Doocy: ‘I know what the hell I’m doing’

      May 17, 2025
    • New Hur interview tapes detailing Mongolia trip shed light on Hur’s ‘sympathetic’ characterization of Biden

      May 17, 2025
    • Biden fails to remember when son Beau died and Trump’s election year in leaked Hur interview audio

      May 17, 2025
    • Biden admits keeping classified Afghanistan document ‘for posterity’s sake’ in leaked audio

      May 17, 2025
    • Biden’s autopen use questioned amid released audio from Special Counsel Hur interview

      May 17, 2025

    Categories

    • Business (1,216)
    • Politics (5,582)
    • Stocks (904)
    • World News (455)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.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 © 2024 insidersadvisor.com | All Rights Reserved