Despite record-low approval ratings, the South Korean president has not yet resigned.

President Park Geun Hye's approval rating plummeted to a record low following a series of scandals involving her "close friend."

According to a Gallup Korea poll released on November 25, President Park's approval rating has fallen to just 4%, a record low in history.

The Bank of Korea is currently concerned that political crises will lead to policy paralysis in the country. In November, the consumer confidence index in South Korea fell to its lowest level in more than seven years.

Park's approval rating dropped another 1% after remaining at 5% for three consecutive weeks, while her disapproval rating rose 3% to 93% in Gallup Korea polls.

A sea of ​​people protested against South Korean President Park Geun Hye in the heart of Seoul in November. Photo: Reuters.

President Park Geun Hye was embroiled in one of the biggest political scandals in South Korean history involving her close friend, shaman Choi Soon-Sill. Prosecutors are indicting Choi and investigating the president's role in the scandal.

Park has been identified as a suspect and an accomplice in the political manipulation activities of her close friend. Despite widespread opposition and low approval ratings, Park has yet to resign.

Recently, the offices of major corporations such as Samsung, Lotte, and SK were raided on allegations of contributing large sums of money to non-profit foundations established by Choi Soon-sil in exchange for business privileges.

According to Zing.vn