AGL 40.03 Increased By ▲ 0.02 (0.05%)
AIRLINK 129.31 Increased By ▲ 2.31 (1.82%)
BOP 6.80 Increased By ▲ 0.11 (1.64%)
CNERGY 4.64 Increased By ▲ 0.13 (2.88%)
DCL 8.63 Decreased By ▼ -0.01 (-0.12%)
DFML 40.95 Decreased By ▼ -0.09 (-0.22%)
DGKC 85.74 Increased By ▲ 0.13 (0.15%)
FCCL 33.00 Decreased By ▼ -0.11 (-0.33%)
FFBL 66.53 Increased By ▲ 0.43 (0.65%)
FFL 11.46 Decreased By ▼ -0.09 (-0.78%)
HUBC 110.58 Decreased By ▼ -0.53 (-0.48%)
HUMNL 14.63 Decreased By ▼ -0.19 (-1.28%)
KEL 5.24 Increased By ▲ 0.07 (1.35%)
KOSM 8.11 Increased By ▲ 0.45 (5.87%)
MLCF 40.07 Decreased By ▼ -0.14 (-0.35%)
NBP 60.51 No Change ▼ 0.00 (0%)
OGDC 195.47 Increased By ▲ 1.37 (0.71%)
PAEL 27.10 Increased By ▲ 0.38 (1.42%)
PIBTL 7.64 Increased By ▲ 0.27 (3.66%)
PPL 155.82 Increased By ▲ 2.03 (1.32%)
PRL 27.37 Increased By ▲ 1.16 (4.43%)
PTC 18.56 Increased By ▲ 1.38 (8.03%)
SEARL 85.10 Decreased By ▼ -0.50 (-0.58%)
TELE 7.90 Increased By ▲ 0.33 (4.36%)
TOMCL 34.88 Increased By ▲ 0.49 (1.42%)
TPLP 9.22 Increased By ▲ 0.40 (4.54%)
TREET 16.81 Decreased By ▼ -0.01 (-0.06%)
TRG 62.86 Increased By ▲ 0.31 (0.5%)
UNITY 27.75 Increased By ▲ 0.46 (1.69%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 10,184 Increased By 72.7 (0.72%)
BR30 31,403 Increased By 215 (0.69%)
KSE100 95,857 Increased By 861 (0.91%)
KSE30 29,683 Increased By 201.6 (0.68%)

South Korea's foreign minister has resigned over accusations of nepotism involving his daughter, sources at the president's office and ministry said on Saturday, the latest senior official to step down because of scandal. The resignation of Yu Myung-hwan, 64, comes a week after President Lee Myung-bak's prime minister-designate and two other ministerial nominees stepped down amid allegations of corruption.
Yu's daughter, Yu Hyun-sun, was employed at the foreign ministry between 2006 and 2009, said a foreign ministry source. She was to sign a contract on August 31 with the foreign ministry to work on trade matters but public criticism forced her to not take up the position.
"The foreign minister has resigned to accept responsibility for all the commotion caused by the ministry employing his daughter," said a presidential source who spoke on condition of anonymity. It was not immediately clear who would replace him. Yu's resignation is not expected to affect South Korea's foreign policy priorities that are focused on cementing close ties with Washington, and isolating North Korea following the torpedoing of a South Korean naval ship in March that resulted in the death of 46 sailors.
Seoul, with the backing of Washington, blames the attack on Pyongyang. North Korea denies responsibility and said it wants to return to long-stalled multilateral talks. South Korea's nuclear envoy told reporters in Washington Friday that a return to talks with North Korea was "premature".
Yu unexpectedly apologised for the controversy surrounding his daughter at the foreign ministry on Friday. President Lee Myung-bak's response to Yu's offer to resign was terse. "I got it," Lee was quoted as saying by a presidential source. Lee has suffered public criticism for his choice of officials but also for pardoning business leaders convicted of crimes.

Copyright Reuters, 2010

Comments

Comments are closed.