The ruling party will hold a meeting later this week and adopt a resolution recommending its floor leader resign, the party's leader said Tuesday.     

"The party decided to hold a general meeting tomorrow to adopt a resolution recommending the resignation of the floor leader to achieve the successful future of the Saenuri Party and the Park Geun-hye administration," Saenuri Party Chairman Kim Moo-sung told reporters after an emergency meeting of the party's senior lawmakers.

The general meeting will be held at 9:00 a.m. Wednesday, Kim added.

Saenuri floor leader Yoo Seong-min had been under increasing pressure by pro-Park faction lawmakers to step down from his post since being publicly lambasted by Park for leading negotiation with the main opposition party for the passage of a parliamentary revision bill.

Park vetoed the bill that would allow more assembly power in reviewing and modifying government enactment, and sent it back to the parliament for review.

Her veto garnered wide attention as she gave an unusually scathing criticism of Yoo, calling his actions "politics of betrayal." She blamed him for giving into the opposition pressure to approve the bill.

The National Assembly on Monday failed to put the revision to a re-vote. The revision will be automatically scrapped when the term of the current 19th National Assembly ends in May 2016.

Kim further said Tuesday that the party will announce the resolution at the meeting and will ask for the consensus of all of its 160 members.

Yoo said that he will not participate in Wednesday's general meeting but will leave his fate to his party members.

"I will follow whatever decision of the general meeting of the party is," Yoo told reporters following the Saenuri party's emergency meeting earlier in the day. (Yonhap)