Yoon's father dies at age 92
The late Yoon, an honorary professor at Yonsei University, had been admitted to the Seoul National University Hospital in Seoul, Yonhap Reports.
Yoon rushed to the hospital after attending a Liberation Day ceremony earlier in the day, and was able to be by his father's side during his final moments.
«In order to leave no vacuum in state affairs, President Yoon decided to hold a family funeral,» presidential spokeswoman Kim Eun-hye said, adding that no condolence visits or flowers will be accepted.
A three-day funeral will be held at Seoul's Severance Hospital, officials said.
Meanwhile, Yoon is still expected to hold a trilateral summit with his counterparts from the United States and Japan at the U.S. presidential retreat, Camp David, near Washington, on Friday (local time) as scheduled.
However, Yoon's departure time might be subject to change based on the funeral proceedings.
It marks the first time that a sitting president's father has died. The mother of former President Moon Jae-in died during his term.
The late Yoon, an economics graduate of Yonsei University, dedicated his career to teaching applied statistics from 1973 to 1997. He was renowned as an expert in studying economic inequality using statistical methods.