South Korean Prime Minister nominee Kim Tae-ho announced his resignation Sunday.
South Korea’s ruling and opposition parties agreed on Friday to put off their floor vote on whether to approve Kim Tae-ho as the new prime minister to Sept. 1, as they failed to narrow their differences over his appointment.
Kim has faced allegations that he accepted bribes from the former chairman of Busan-based shoemaker Taekwang Industrial, Park Yeon-cha.