Korean PM steps down following ferry disaster

|By:, SA News Editor

South Korean markets are set to be on watch tomorrow following the resignation of Prime Minister Chung Hong-won in the wake of his government's much criticized response to the ferry disaster. President Park Geun-hye has accepted Chung's resignation.

Over 300 people have died or are missing and presumed dead after the ship sunk on a routine trip on April 16, with most of them being high-school students and teachers. Initially, it was announced that all the pupils had been rescued.

ETFs: EWY, FKO, KORU, DXKW, KORZ, HKOR, DBKO