SEOUL, 15 March (BelTA - Yonhap) - During Wednesday's meeting, the Cabinet formally decided to hold the upcoming presidential election on May 9 and designate it as a public holiday.
Last Friday, the Constitutional Court upheld the parliamentary impeachment of Park. By law, the country has to elect a new president within two months of the verdict.
Acting President and Prime Minister Hwang Kyo-ahn on Wednesday announced his decision not to run in the presidential election.
During a Cabinet meeting, Hwang made the announcement, ending the months-long speculation over his presidential ambitions that emerged after he took over as acting president in December following former President Park Geun-hye's impeachment over a corruption scandal.More about Politics