She has been embroiled in a corruption scandal that led to the biggest street protests in South Korean history, followed by the country's first impeachment.
Nearly eight out of 10 members of parliament voted against President Park Geun-hye, including about half of her own party.
Her executive powers have been suspended and a court will rule on whether she should step down.
So after the impeachment, what needs to be done to address South Korea's growing inequality and soaring living costs?
Presenter: Adrian Finighan
Bong Youngshik - Research Fellow at Yonsei University Institute for North Korean Studies
Aidan Foster Carter - Honorary Senior Research Fellow in Sociology and Modern Korea at Leeds University
Se-Woong Koo - Managing Editor of Korea Expose
Source: Al Jazeera