South Korea elections: President Park’s party loses majority
The governing party in South Korea has lost the parliamentary majority it has held for 16 years, partial results from Wednesday’s general election show.
With more than 85% of votes counted, the centre-right Saenuri party has won 122 out of 300 seats. The opposition Minjoo Party has taken 123 seats.
Saenuri previously had only a slim majority in the National Assembly.
Analysts say discontent over South Korea’s economy appears to have eroded the government’s standing with voters.
The result also dents President Park Geun-hye’s prospects of seeing her Saenuri party retain the presidency next year.
Ms Park has been criticised over her handling of the economy, which has seen rising unemployment – particularly among the young – falling exports and high levels of household debt.
Other opposition parties also did well – the People’s Party winning 38 seats and the Justice Party taking six.
“The Saenuri Party humbly accepts the election results and voters’ choice,” said spokesman Ahn Hyung-Hwan.
“The people are deeply disappointed with us, but we’ve failed to read their mind.”
Voters cast ballots at nearly 14,000 polling stations to elect 253 of the 300 lawmakers. The remaining 47 proportional representation seats are allocated to parties according to the numbers of votes they receive overall.
Turnout was 58%, up 3.8 percentage points from the 2012 election.
not sure what this means..i guess they will have to pony up with a minor party to maintain the rule or its back to the polls..
“The governing party in South Korea has lost the parliamentary majority it has held for 16 years”