North Korea would effectively be crossing the Rubicon if they were to conduct another nuclear test. - Park Geun-hye

The Republic of Korea as we know it today has been built on the blood, toil, and sweat of the people. We have written a new history of extraordinary achievement combining industrialization and democratization based on the unwavering “can do” spirit of our people and matching resolve.

The new administration will usher in a new era of hope premised on a revitalizing economy, the happiness of our people, and the blossoming of our culture. To begin with, economic revitalization is going to be propelled by a creative economy and economic democratization. Across the world, we are witnessing an economic paradigm shift. A creative economy is defined by the convergence of science and technology with industry, the fusion of culture with industry, and the blossoming of creativity in the very borders that were once permeated by barriers. It is about going beyond the rudimentary expansion of existing markets, and creating new markets and new jobs by building on the bedrock of convergence.

If the ruling and opposition parties discuss and come up with a plan to reduce the confusion in state affairs and ensure a safe transfer of governments, I will step down from the presidential position under that schedule and by processes stated in law.