South Korea's Prime Minister Chung Hong-Won tendered his resignation today over the sinking of a passenger ferry that left more than 300 people dead or missing.
"I offer my apology for having been unable to prevent this accident from happening and unable to properly respond to it afterwards," he said.
"I believed I, as the prime minister, certainly had to take responsibility and resign."
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"I wanted to resign earlier but handling the situation was the first priority and I thought that it was a responsible act to help before leaving.
"But I've decided to resign now not to be any burden on the administration," he said.