The Japan Times - South Korea's new president Lee to take office after sweeping election win

EUR -
AED 4.108631
AFN 72.718912
ALL 91.057672
AMD 404.138689
ANG 2.002333
AOA 1027.018171
ARS 1729.020675
AUD 1.621656
AWG 2.01376
AZN 1.909959
BAM 1.9623
BBD 2.256686
BDT 139.622493
BGN 1.955396
BHD 0.423298
BIF 3352.386487
BMD 1.118756
BND 1.435763
BOB 13.446541
BRL 6.151029
BSD 1.120471
BTN 105.220538
BWP 15.434677
BYN 3.355395
BYR 21927.614131
BZD 2.253477
CAD 1.576965
CDF 2595.514018
CHF 0.915886
CLF 0.027676
CLP 1089.229942
CNY 7.469377
CNH 7.462745
COP 3634.311854
CRC 508.137914
CUC 1.118756
CUP 26.891216
CVE 110.631461
CZK 24.354245
DJF 199.524609
DKK 7.475521
DOP 68.082658
DZD 152.34438
EGP 60.323863
ERN 16.781337
ETB 183.895683
FJD 2.534654
FKP 0.837714
GBP 0.834105
GEL 2.903189
GGP 0.837714
GHS 13.098388
GIP 0.837714
GMD 83.349337
GNF 9924.082884
GTQ 8.566376
GYD 235.008454
HKD 8.772763
HNL 30.114216
HRK 7.572869
HTG 146.824481
HUF 362.904219
IDR 20227.10528
ILS 3.543715
IMP 0.837714
INR 104.958595
IQD 1699.429275
IRR 2115962.181879
ISK 136.801282
JEP 0.837714
JMD 177.827184
JOD 0.793248
JPY 176.701327
KES 145.360104
KGS 97.835187
KHR 4564.917673
KMF 494.489717
KPW 1006.880197
KRW 1505.8227
KWD 0.347799
KYD 0.933863
KZT 502.232426
LAK 25207.443957
LBP 100335.927717
LKR 372.606055
LRD 190.571258
LSL 18.529735
LTL 3.303395
LVL 0.676724
LYD 7.17029
MAD 10.957897
MDL 20.027674
MGA 5091.407518
MKD 61.518753
MMK 2348.779066
MNT 4028.825441
MOP 9.049175
MRU 45.236008
MUR 52.670582
MVR 17.220986
MWK 1942.897957
MXN 20.773283
MYR 4.540802
MZN 71.483847
NAD 18.53015
NGN 1509.816716
NIO 41.23669
NOK 10.521328
NPR 168.271169
NZD 1.99359
OMR 0.430195
PAB 1.121114
PEN 3.861692
PGK 5.106565
PHP 70.755733
PKR 309.88721
PLN 4.384796
PYG 7003.819206
QAR 4.097774
RON 5.34374
RSD 117.634953
RUB 92.081868
RWF 1653.81688
SAR 4.207099
SBD 9.004399
SCR 15.485136
SDG 672.932625
SEK 10.994707
SGD 1.431901
SHP 0.837862
SLE 25.675065
SLL 23459.75515
SOS 640.326286
SRD 42.04676
STD 23155.986777
STN 24.570077
SVC 9.80849
SYP 14546.062858
SZL 18.523417
THB 37.472739
TJS 10.341155
TMT 3.915645
TND 3.354411
TOP 2.693695
TRY 56.138502
TTD 7.598536
TWD 36.737143
TZS 2959.106924
UAH 50.759638
UGX 4585.188208
USD 1.118756
UYU 45.099389
UZS 13376.308356
VES 1002.759193
VND 28545.614202
VUV 133.425135
WST 3.118894
XAF 655.957
XAG 0.02122
XAU 0.000272275241
XCD 3.023494
XCG 2.020292
XDR 0.791018
XOF 655.957
XPF 119.331742
YER 264.725556
ZAR 18.395545
ZMK 10070.139615
ZMW 22.767427
ZWL 360.238919
SSP 6427.512117
MXV 2.335285
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

South Korea's new president Lee to take office after sweeping election win
South Korea's new president Lee to take office after sweeping election win / Photo: ANTHONY WALLACE - AFP

South Korea's new president Lee to take office after sweeping election win

South Korea's liberal leader Lee Jae-myung is set to assume the presidency Wednesday, taking the helm of a nation deeply divided after his predecessor's disastrous attempt to declare martial law.

Text size:

Lee won a thumping victory over conservative Kim Moon-soo, of disgraced ex-president Yoon Suk Yeol's former party, with Kim conceding early Wednesday as final votes were still being counted. Official results showed he had no chance of winning.

In a regular presidential election, South Korea allows for a months-long transition period.

But as Lee's victory came in a snap election after Yoon's impeachment, his term starts immediately after the National Election Commission certifies the vote tally -- expected early Wednesday.

He is set to assume office with a bulging in-tray, from sluggish growth and a global trade war to mounting concerns over military ties between nuclear-armed Pyongyang and Moscow.

He also faces the challenge of leading a nation still reeling from the turmoil sparked by Yoon's martial law declaration in December and the rise of the far right in its aftermath -- a development experts say has deeply shaken the country's collective sense of democracy.

In a speech to supporters early Wednesday, Lee urged South Koreans to move "forward with hope and make a fresh start from this moment on".

"Though we may have clashed for a while, even those who did not support us are still fellow citizens of the Republic of Korea," he said.

He also promised to "pursue dialogue, communication, and cooperation" with North Korea, with whom the South remains technically at war, "to find a path toward peaceful coexistence and shared prosperity".

Lee is expected to start his first day with a traditional phone briefing from the military's top commander, formally confirming the transfer of operational control of the country.

He is then likely to visit the National Cemetery, a longstanding tradition observed by his predecessors, including Yoon.

A modest inauguration ceremony will likely follow at the National Assembly -- the same site where Yoon deployed armed troops on the night he attempted to declare martial law.

- Blue House calling? -

It will be a muted affair with just a few hundred guests expected to attend, in contrast to the large outdoor events held after regularly scheduled elections, which often attract tens of thousands.

The new leader will then head to the presidential office to begin naming key cabinet members.

Disgraced ex-president Yoon moved the seat of power from the Blue House to a hastily-converted government building in Yongsan, which Lee has previously said he would not use.

The focus will be on who is tapped to serve as presidential chief of staff, prime minister and director of the National Intelligence Service.

The day is expected to end with a flurry of congratulatory phone calls from world leaders, with US President Donald Trump likely to be the first on the line.

For many voters, like Noh Min-young, 20, who spent months in the street protesting Yoon's martial law declaration, the election was a relief and would allow the country to get back on track.

"I'm just glad now. There's no risk of the result being overturned, and the margin is enough not to lose momentum when it comes to clearing up the insurrection or implementing policies," she told AFP.

But experts warned that Lee's success in this election -- after he lost to Yoon in 2022 -- was due as much to his rivals' failings as his own strengths, with Kim hampered by political infighting and a fractured right wing vote, split by a third party candidate.

"Lee is expected to prioritize the alliance with the United States while simultaneously seeking engagement with both China and North Korea," he said.

That marks a departure from the policies of predecessors including Yoon, "who largely focused on North Korea and the United States, respectively."

M.Sugiyama--JT