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They needed at least 28 more votes from Ms Park's Saenuriparty for the impeachment.
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Until recently, Ban had been tipped to run as a member of Park's conservative Saenuriparty.
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Ms Park's SaenuriParty holds a narrow majority in parliament and is said to favour lower taxes and big business.
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Media reports said she may make a speech this week offering to step down in April, a recommendation made by her conservative SaenuriParty.
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Her conservative SaenuriParty saw its support rating overtaken by the main opposition Democratic Party, trailing by 4 percentage points at 26.5 percent.
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Park has successfully distanced herself from the unpopular incumbent, Lee Myung-bak, a fellow member of the rightwing NewFrontierparty.
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The campaign has been dominated by the growth in the income gap and youth unemployment that have taken place under her NewFrontierparty.
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The ruling and conservative GrandNationalParty said it has no plans to introduce legislation.
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His closest rivals are the candidate of the ruling GrandNationalParty, Mr Lee Hoi-Chang.
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Lawmakers in the ruling GrandNationalParty say a South Korea-U.S. free trade pact now pending in parliament may not be ratified until April.
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President Lee Myung-bak's conservative GrandNationalParty used its majority to approve the bill, while opposition members walked out in protest against the mission.
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South Korea's main opposition party, the GrandNationalParty, said today it would end a parliamentary boycott which has crippled the legislature since last week.