South Korea Inauguration: Lee Jae-myung Live Updates
Lee Jae-myung secures victory in South Korea’s presidential election, ushering in a new era as the nation grapples with economic concerns. Voters turned out in record numbers, their voices resonating amidst calls for economic fixes and corporate governance reform. The win for the Democratic Party comes after months of political upheaval, and signals a shift in the political landscape. Kim Moon-soo conceded,as the National Election Commission certified Lee as president-elect with the highest voter turnout in decades.Stay informed with News Directory 3 to discover how Lee plans to unify a divided nation.What’s next for South Korea’s economy under new leadership?
Lee Jae-myung Wins South Korea Presidential Election Amid Economic Concerns
Updated June 4, 2025
Lee Jae-myung of the left-leaning Democratic Party has won South Korea’s presidential election, prevailing over Kim Moon-soo of the conservative People power Party.The election followed the removal of former President Yoon Suk Yeol.
The National Election Commission certified Lee as president-elect.Kim Moon-soo conceded,saying,”I humbly accept the decision of the public,” and congratulated Lee.
The election saw a high voter turnout. The National Election Commission reported a final turnout of 79.4%, the highest in nearly three decades and up 2.3 percentage points from the previous presidential election in 2022.
Following the announcement, Lee addressed supporters in Seoul, calling for unity. “Let’s embark on a new departure,” Lee said. “The people who didn’t support us are also citizens of the Republic of Korea. Let’s go together.”
The KOSPI and Kosdaq indexes both saw gains at Wednesday’s market open. Analysts anticipate further increases in South korean share prices, citing the removal of political uncertainty. During his campaign, Lee