South Korean President's Party Loses Majority

(SEOUL) — South Korean voters handed President Park Geun-hye a stunning political setback by denying her conservative party a majority in the next National Assembly, poll results showed Thursday.

The outcome, which came as a surprise to many, will likely threaten Park's plans to push ahead with controversial economic reforms, including plans to make it easier for companies to lay off workers, and blow open next year's presidential race.