"South Korea is a liberal democracy based on the rule of law, and we all have to respect the Constitutional Court's decision," Hwang said.

"There are still those who cannot accept the ruling, but now is the time for us to accept it and end the conflict and confrontation we have suffered from."

Hwang, in particular, expressed regret over the two citizens who died from injuries they presumably sustained during a violent street rally in Seoul in protest of the court's decision to oust Park.

"During a protest today, we have lost two precious lives, which is deeply sad," Hwang said. "There should never be such sacrifices any more, and there must not be any abrupt acts that threaten social order."

Highlighting a "complex" web of challenges facing the country, including North Korea's ever-growing military threats, the rapidly changing contours of regional geopolitics and economic uncertainties, the acting president called for joint efforts to quickly stabilize state affairs.

"We also have to pick a new president within the short span of 60 days and rapidly stabilize state affairs," he said. "If there can't be unity beyond the confusion, we cannot stabilize state affairs and carry out the presidential election in a fair manner." (Yonhap)