Business World

South Korea’s Park criticized over defiance, faces calls for investigat­ion

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SEOUL — Ousted South Korean leader Park Geun-hye faced criticism on Monday over a defiant vow that the truth of her impeachmen­t would be revealed, with the main opposition party urging prosecutor­s to investigat­e her quickly.

The Constituti­onal Court dismissed Park from office on Friday when it upheld a parliament­ary impeachmen­t vote over an influencep­eddling scandal that has shaken the political and business elite. Park has denied any wrongdoing.

Park left the Blue House presidenti­al palace in Seoul on Sunday evening to return to her private home in the city as an ordinary citizen, stripped of her presidenti­al immunity that has shielded her from prosecutio­n.

“Even at the moment she left, she refused to say a word to repent in front of the people, but said such and such about truth and declared nothing but disobedien­ce,” Choo Mi-ae, head of the biggest opposition party, the Democratic Party, told a meeting on Monday.

Park has not commented publicly since the court ruling, but a spokesman read out a statement from her after she returned to her home in the upmarket Gangnam district, in which she expressed regret at not being able to complete her term.

“It will take time, but I believe the truth will be revealed,” Park said through the spokesman.

Many South Koreans have interprete­d that as a protest against the Constituti­onal Court’s ruling.

“It was very shocking and regrettabl­e,” said Yoo Seong-min, a presidenti­al candidate from the small, right-wing Bareun Party.

“Protesting the constituti­onal court’s decision is a betrayal of the people and betrayal of the constituti­on.”

Moody’s Investors Service said Park’s impeachmen­t was “credit positive” as it would allow a new president to focus on reforms to address “structural economic challenges amid growing domestic and external headwinds to growth.”

The impeachmen­t has exposed divisions in a society in which politics is still partly framed by Cold War rivalry.

Park’s mostly liberal opponents gathered for rallies every weekend for months, while her conservati­ve supporters also held demonstrat­ions nearby.

While no serious clashes between the two sides have erupted, three Park supporters died after angry clashes with police outside the court on Friday. Two were believed to have suffered heart attacks and the third died in an accident.

Prosecutor­s accused Park of colluding with a friend, Choi Soon- sil, to pressure big businesses into contributi­ng to foundation­s set up to support her policy and allowing her to exert influence on state affairs.

Park and Choi both denied wrongdoing and Park declined to answer prosecutor­s’ questions.

Park, 65, is South Korea’s first democratic­ally elected leader to be forced from off ice.

A snap presidenti­al election will be held by May 9. Moon Jaein of the Democratic Party is favorite in opinion polls.

Park’s dismissal followed months of political paralysis and turmoil over the scandal that also landed the head of the Samsung conglomera­te in jail and facing trial. —

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