Asia

South Korean leader says she'll resign after lawmakers act

  • In this image made from video, South Korean President Park Geun-hye makes a live televised address in Seoul ,South Korea, Tuesday, Nov. 29, 2016.  The embattled president says she'll resign if parliament finds a plan for safe transfer of power. (Yonhap via AP)

    In this image made from video, South Korean President Park Geun-hye makes a live televised address in Seoul ,South Korea, Tuesday, Nov. 29, 2016. The embattled president says she'll resign if parliament finds a plan for safe transfer of power. (Yonhap via AP)  (The Associated Press)

  • People watch a TV screen showing the live broadcast of South Korean President Park Geun-hye's addressing to the nation, at the Seoul Railway Station in Seoul, South Korea, Tuesday, Nov. 29, 2016. The embattled South Korean president says she'll resign if parliament comes up with a plan for the safe transfer of power. (AP Photo/Ahn Young-joon)

    People watch a TV screen showing the live broadcast of South Korean President Park Geun-hye's addressing to the nation, at the Seoul Railway Station in Seoul, South Korea, Tuesday, Nov. 29, 2016. The embattled South Korean president says she'll resign if parliament comes up with a plan for the safe transfer of power. (AP Photo/Ahn Young-joon)  (The Associated Press)

  • People watch a live broadcast of South Korean President Park Geun-hye addressing the nation at the Seoul Railway Station in Seoul, South Korea, Tuesday, Nov. 29, 2016. The embattled president says she’ll resign if parliament comes up with a plan for the safe transfer of power. President Park Geun-hye’s stunning announcement Tuesday comes after massive protests that have called for her ouster amid a mounting scandal. (AP Photo/Ahn Young-joon)

    People watch a live broadcast of South Korean President Park Geun-hye addressing the nation at the Seoul Railway Station in Seoul, South Korea, Tuesday, Nov. 29, 2016. The embattled president says she’ll resign if parliament comes up with a plan for the safe transfer of power. President Park Geun-hye’s stunning announcement Tuesday comes after massive protests that have called for her ouster amid a mounting scandal. (AP Photo/Ahn Young-joon)  (The Associated Press)

The embattled South Korean president says she'll resign if parliament comes up with a plan for the safe transfer of power.

South Korean President Park Geun-hye's stunning announcement Tuesday comes after massive protests that have called for her ouster amid a mounting scandal.

Opposition parties have been closing in on an impeachment motion against her and even her allies in the conservative ruling party have called for her to "honorably" step down rather than face impeachment.

Park had previously been rejecting calls to leave office and dismissed prosecutors' claim that she colluded with a confidante who allegedly manipulated power from the shadows and extorted companies to amass an illicit fortune.