S. Korean cabinet mulls resignation amid political crisis

SEOUL -- South Korea's cabinet ministers have expressed their intentions to resign en masse to the prime minister, the local Chosun Ilbo newspaper reported on Wednesday.

The latest development came as the South Korean government scrambled to make multiple moves in response to the country's political crisis.

South Korean Prime Minister Han Duck-soo has expressed his willingness to "serve the public until the final moment", according to the Yonhap news agency.

Han was scheduled to meet with the ruling People Power Party leadership and senior aides to President Yoon Suk-yeol Wednesday afternoon, Chosun Ilbo reported.

In the meantime, the authorities announced plans to rein in repercussions in financial markets.

The central bank announced on Wednesday that it will provide "ample liquidity" to stabilize the stock market, after the Korea Composite Stock Price Index slid almost 2 percent late in the morning trading session on the day.