SEOUL, July -7, 2010, SPA -- South Korean President Lee Myung-bak has virtually decided to accept Prime Minister Chung Un-chan's resignation offer, a source at the presidential office Cheong Wa Dae said Wednesday, suggesting a medium-scale Cabinet reshuffle is due later this month, YONHAP news Agency reported. "Prime Minister Chung expressed a strong intention to resign during his meeting with President Lee last Saturday," the source said on condition of anonymity. "The President eventually decided to accept his resignation offer. Following the shakeup of senior presidential secretaries later this week, preparations for a Cabinet reshuffle will be launched.", YONHAP added The source said the upcoming Cabinet reshuffle is expected to be carried out before the July 28 parliamentary by-elections, affecting half a dozen ministries, including health and welfare, gender equality, environment and unification. --SPA 11:48 LOCAL TIME 08:48 GMT www.spa.gov.sa/799746