Seoul: The newly sworn-in President of South Korea, Park Geun-hye, has apologised for the "unprecedented" political deadlock after failing to reach an agreement with the opposition for reorganisation of the government, as per BBC report.
Park was sworn-in as the President last week. However, a new cabinet is yet to be formed.
Apologising for the deadlock, the South Korean President, during a television interview, said that the deadlock was "unprecedented since the country`s founding", as per report.
Park further said that the deadlock will also hinder the country`s economic progress. "There is no other purpose than to strengthen the country`s competitiveness by creating a new growth engine and improving the people`s lives by creating many good jobs. We are in an urgent situation, and we cannot afford losing even just one minute or one second," she reportedly said.
She also referred to the country`s state as being at "crisis-level" after the recent rocket launches by North Korea, the news report stated.