South Korean President offers to resign

Seoul: South Korean President Park Geun-hye, troubled by a howl of allegations of corruption and her involvement in the "Korean Rasputin" scandal, on Tuesday yielded to increasing demands for her resignation.

Park offered her resignation to the National Assembly, where she was being threatened to be impeached, Efe news reported.

"I will leave to the National Assembly the possibility of shortening my term," said Park Geun-hye in her third public speech since the biggest political scandal in South Korea was uncovered more than a month ago.

Park said she was also "committed to collaborate with the investigation and resign" if necessary.