In a significant political shift, Lee Jae-myung, the leader of South Korea’s liberal Democratic Party, has been elected president in the country’s snap presidential election. The election, held on June 3, 2025, saw nearly 80% of the 44.4 million eligible voters cast their ballots, marking the highest turnout since 1997.
*Election Results*
Lee Jae-myung secured 49.42% of the nearly 35 million votes cast, while his conservative rival, Kim Moon-soo of the People Power Party, garnered 41.15% of the votes. With 100% of the ballots counted, Kim conceded defeat and congratulated Lee on his victory.
*Lee Jae-myung’s Victory Speech*
In his victory speech, Lee emphasized the need for unity and pledged to revive the economy and seek peace with nuclear-armed North Korea through dialogue and strength. “We can overcome this temporary difficulty with the combined strength of our people, who have great capabilities,” he said.
*Key Challenges Ahead*
As president, Lee will face significant challenges, including:
– *Economic Revival*: Reviving the economy, which has been impacted by unpredictable protectionist moves by the US, a major trading partner and security ally.
– *Social Divisions*: Bridging the deep divisions in society, exacerbated by the attempt at military rule under former President Yoon Suk Yeol.
– *North Korea Relations*: Easing tensions with North Korea through dialogue and strength.
*Foreign Policy Expectations*
Lee is expected to adopt a more conciliatory approach towards China and North Korea, while maintaining the Yoon-era engagement with Japan.
*Inauguration*
Lee is set to be sworn in as South Korea’s 14th president on June 4, 2025, and will serve a single five-year term. The US State Department has stated that it is awaiting final certification before commenting on the election outcome.
