South Korea's prime minister and top presidential officials offer to resign after election defeat
Seoul (AP/PTI): South Korea's prime minister and senior presidential officials offered to resign en masse on Thursday, after their conservative ruling party suffered a crushing defeat in parliamentary elections.
The results of Wednesday's elections were a huge political blow to President Yoon Suk Yeol, likely setting back his domestic agenda and leave him facing an intensifying political offensive by his liberal opponents during his remaining three years in office.
Prime Minster Han Duck-soo and all senior presidential advisers to Yoon, except those in charge of security issues, submitted their resignations, according to Yoon's office. It didn't immediately say whether Yoon accepted their resignations.
Executive power in South Korea is heavily concentrated in the president, but the prime minister is the No. 2 official and leads the country if the president becomes incapacitated.
Yoon said he will “humbly uphold” the public sentiments reflected in the election outcome and focus on improving people's economic situations and on reforming state affairs, according to his office.
In a separate news conference, ruling People Power Party leader Han Dong-hoon said he would step down as well to take responsibility for the election defeat.
With most of the votes counted, the main opposition Democratic Party and its satellite party appeared to have won a combined 175 seats in the 300-member National Assembly. Another small liberal opposition party was expected to win 12 seats under a proportional representation system, according to South Korean media tallies.
Yoon's ruling People Power Party and its satellite party were projected to have obtained 109 seats.
The final official results were expected later Thursday.
But the outcome means the liberal opposition forces will extend their control of the parliament, though they likely won't have the super majority of 200 seats that would give them the power to overturn vetoes and even impeach the president.
Wednesday's election was widely seen as a midterm confidence vote on Yoon, a former top prosecutor who took office in 2022 for a single five-year term.
He has pushed hard to boost cooperation with the US and Japan as a way to address a mix of tough security and economic challenges. But Yoon has been grappling with low approval ratings at home and a liberal opposition-controlled parliament that has limited his major policy platforms.
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Andhra Cabinet approves allocation of 21 acres in Vizag to TCS at token lease prise of 99 paise
Amaravati, April 15 (PTI): The Andhra Pradesh Cabinet approved the allocation of 21.16 acres of land to TCS in Visakhapatnam on Tuesday, at a token lease price of 99 paise.
The land, located on IT Hill Number 3, will be used by the tech giant for an IT campus, where TCS is expected to invest Rs 1,370 crore. This project is set to generate 12,000 jobs.
"Cabinet approved the allocation of 21.16 acres of land to TCS at Visakhapatnam IT Hill Number 3 for setting up an IT campus to generate 12,000 jobs," stated an official press release.
Additionally, the Cabinet approved a proposal from Mahamaya Industries Ltd to expand an integrated steel plant in Vizianagaram, among other matters.
