Grand National Party Chairperson Chung Mong-joon resigned June 3 to take responsibility for the party’s poor showing in the country’s local elections on June 2, Reuters reports. The Grand National Party is South Korea’s current ruling party, but it performed poorly in the recent elections, losing seven of 16 major races in the country’s largest provinces and cities to the opposition Democratic Party.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.