South Korea's Got a New President Lee Jae-myung Takes the Throne!

Lee Jae-myung Elected as South Korean President After Tumultuous Period

South Korea has a new leader. Lee Jae-myung of the Democratic Party has been elected as the nation's president, following a snap election triggered by the impeachment of former President Yoon Suk Yeol. This election marks a significant turning point for the country, navigating through political turmoil and economic challenges.

With approximately 70% of the votes counted, Lee Jae-myung secured a comfortable lead with 48.523% of the vote. His closest rival, Kim Moon-soo of the People Power party, conceded the race. Addressing the nation outside his residence, Lee expressed his gratitude to the voters.

“I will do my utmost to fulfil the great responsibility and mission entrusted to me, so as not to disappoint the expectations of our people,” Lee told reporters, emphasizing his commitment to unifying the nation.

Lee, a 61-year-old former human rights lawyer, capitalized on public discontent following Yoon’s brief declaration of martial law in early December. This order, quickly overturned, nonetheless ignited a major political crisis. The nation is also grappling with economic difficulties, income inequality, and concerns about the U.S.'s commitment to its security amid global uncertainties.

Several factors contributed to Lee's victory:

• Public Discontent: Widespread anger over Yoon Suk Yeol's actions created a favorable environment for the opposition.
• Economic Concerns: Voters are anxious about the slowing economy and rising inequality.
• Kim's Struggles: Kim Moon-soo failed to resonate with moderate voters, and his party was divided over Yoon's legacy.

Voter turnout was remarkably high, reaching 77.8% an hour before polls closed, surpassing the previous presidential election in 2022. The high turnout underscores the importance of this election to the South Korean people.

Many South Koreans view this election, prompted by the constitutional court's upholding of Yoon’s impeachment, as a testament to the resilience of their democracy. Lee himself framed the election as an opportunity to "save South Korea, which is in crisis due to the greed of the establishment."

However, the deep divisions exposed during Yoon's tenure will likely persist into Lee’s five-year term. The new president faces numerous challenges:

1. Economic Recovery: Revitalizing the slowing economy is a top priority.
2. National Unity: Bridging the political divide is crucial for stability.
3. North Korea: Navigating the complex relationship with the nuclear-armed neighbor remains a significant challenge.
4. U.S. Relations: Maintaining a strong alliance with the United States in an era of shifting global dynamics.

During his final campaign speeches, Lee pledged to revitalize the economy, reduce inequality, and ease national divisions. He cautioned that a victory for Kim would pave the way for the return of Yoon’s "rebellion forces."

Lee, despite his reputation as a radical reformer, has adopted a more cautious tone, particularly regarding foreign policy. He has affirmed his commitment to the alliance with the U.S. and pledged to continue partnerships with Washington and Tokyo.

While he aims to shift away from Yoon’s confrontational stance toward North Korea and seek re-engagement, he acknowledged the difficulties in quickly resuming summits with Kim Jong-un.

Lee’s past is not without controversy. He faces ongoing criminal trials, including bribery charges and alleged involvement in a property development scandal. While he denies all charges, describing them as politically motivated, these legal battles are likely to continue casting a shadow over his presidency.

The election of Lee Jae-myung marks the beginning of a new chapter for South Korea. He inherits a nation facing significant challenges, both internal and external. His ability to unite the country, address economic concerns, and navigate complex geopolitical issues will determine the success of his presidency.

Tags: South Korea, Lee Jae-myung, New President, Election, Yoon Suk Yeol, Politics, Asia, Democratic Party, Kim Moon-soo, Martial Law, Economy, North Korea, US Relations.

Source: https://www.theguardian.com/world/2025/jun/03/lee-jae-myung-elected-as-south-korean-president-exit-polls-say