south korean
South Korean President Addresses Nation, Offers To Resign (Photo: AFP)

Embattled South Korean President Park Geun Hye is prepared to step down from the position.

But the South Korean leader said she would let the parliament decide on her exact political fate.

President addresses nation

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In a televised address in Seoul, Park added that she would be prepared to let the lawmakers decide how long she should remain in office, if necessary.

“I will leave it up to the National Assembly to determine my fate, including the reduction of my term in office,’’ Park said.

South Koreans want her impeached

The president made the statement days after thousands of people took to the streets demanding her impeachment.

Park’s approval rating dropped to 4 per cent last week. She is accused of allowing close friend Choi Soon Sil meddle in state affairs and giving her access to official state documents.

Further indictment

Choi has also been indicted on a string of charges including abuse of authority and attempted fraud.

South Korea’s largest opposition party, the Democratic Party, along with two smaller parties, is taking steps to begin impeachment proceedings against Park over the scandal.