South Korean Prime Minister Lee Wan-koo has offered to resign from his post over alleged involvement in a bribery scandal, media reports said on Monday.
A senior official of the ruling Saenuri Party said that Lee offered his resignation to President Park Geun-hye, who is on a trip to Latin American nations, Yonhap News Agency reported.
Both -- the prime minister' office and the presidential office -- confirmed the resignation offer.
Before leaving for Latin America on April 16 on a 12-day state visit, President Park said she would decide on Lee's fate after returning home from the travel early next week, Xinhua reported.
Lee is accused of accepting a bribe of nearly $30,000 in 2013 from a businessman, who made the claim in a newspaper interview before committing suicide earlier this month.
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
