Former UN chief Ban Ki-moon on Wednesday renounced his presidential ambitions in a surprise decision likely caused by political offensives from rivals and a corruption scandal involving his family.
His exit from the presidential competition is likely to embolden the current front-runner Moon Jae-in of the main opposition Democratic Party and leave conservative parties scurrying to find his alternative, Yonhap news agency reported.
"I will give up my pure aspirations to achieve a change in politics under my leadership and unify the country," Ban said during an impromptu press conference at the National Assembly.
"I was very frustrated by (some of the political circles') parochial, selfish attitudes and reached the conclusion that it is meaningless to move forward with them," he added.
Ban did not formally announce his Presidential bid but indicated a strong willingness to run in the election even before his return to South Korea on January 12 after 10 years of service at the UN.
Ban heaped opprobrium on those who have attacked him through what he called slander and "fake" news reports.
"Over the short period of the last three weeks, I have talked about my ambitions to achieve grand national integration by unifying divided public opinion," he said.
"But my pure patriotism and ambitions, along with my cause for change in politics, have dissipated due to slander close to personality murder and various fake news reports."
Ban added that his erstwhile presidential ambitions have left a "big scar" on himself, his family and the honour of the UN where he served as Secretary General from 2007 to 2016.
"I will not give up my dream and vision," he said, adding he will devote his experience at the international organization to helping brighten the future of his home country.
--IANS
soni/mr
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
