The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Politics

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

by admin 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

0
FacebookTwitterGoogle +Pinterest
previous post
Biden, Harris announce new campaign push for LGBTQ support, call members ‘a force to be reckoned with’
next post
House Republicans blast ‘cry wolf’ conservatives who tanked FISA renewal bill

Related Posts

‘Nothing would remain’: Iran’s president vows to completely...

April 17, 2024

Chicago Pro-Palestinian groups reject White House requests to...

March 16, 2024

RNC chair on GOP’s mission going forward: ‘Make...

January 17, 2025

Pro-life group urges GOP to avoid ‘ostrich strategy,’...

June 4, 2024

Trump plans to plead not guilty to Jack...

September 4, 2024

Judge temporarily blocks Trump admin layoffs of thousands...

October 16, 2025

New York Republicans blast Schumer, Gillibrand over shutdown:...

October 12, 2025

MORNING GLORY: The VP debate is an example...

October 3, 2024

Special Counsel Smith seeks to dismiss Jan. 6...

November 26, 2024

Tulsi Gabbard’s warning to Senate on Syria proves...

March 9, 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

    • The Real Drivers of This Market: AI, Semis & Robotics

      December 25, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      December 25, 2025
    • Here’s how the Cabinet secretaries and their families celebrate the holidays

      December 25, 2025
    • DOJ discovers more than 1M potential Epstein records, further delaying file release

      December 25, 2025
    • Trump-backed candidate Asfura wins Honduras presidential election

      December 25, 2025
    • Nearly 20 states sue HHS over declaration to restrict gender transition treatment for minors

      December 25, 2025

    Categories

    • Business (1,444)
    • Politics (5,342)
    • Stocks (1,851)
    • Uncategorized (45)
    • World News (1,437)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved