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World

South Korea's president offers to step down

Opening sequence

Opening sequence

World

South Korea's president offers to step down

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17:02
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COMING UP:South Korea's president offers to step down

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Transcript

00:00:02
>> After weeks of public anger and cause for her resignation self-career scandal battered president is ready to accept her fate. Park Geun Hye addressing the Nation in a televise speech on Tuesday offering to quit the top job and leave her future in the hands of Parliament.>> I will step down from my position according to the law, once a plan is formed for a transfer of power that will minimize political unrest, after ruling and opposition parties have discussed the matter.
00:00:31
>> Park in embroiled in a corruption scandal that's pummeled her approval rating to a miserable four percent. She is accused of colluding with her live long friend to squeeze Korean businesses for millions of dollars and for five straight weekends hundreds of thousands of people have rallied in Seoul demanding that she stands down.
00:00:50
Despite of finally giving into the pressure. Opposition law makers have little sympathy for the president. They say she's only leaving the decision with Parliament as a stalling tactic to avoid getting impeached.