Conservative opposition candidate Yoon Suk-yeol replaced Moon Jae-in as South Korea’s president. His 60-year-old rival narrowly won the election against Lee Jae-myung, who was running for the ruling party. The participation rate was approximately 77%.
According to international news agencies, Yoon won about 48% of the vote. In his victory speech, he said he wanted to work with the opposition in the coming years. Yoon’s opponent, Lee Jae-myung of the center-left Democratic Party, admitted defeat after nearly all votes were counted.
Yoon is not a seasoned politician and will run the country for the next five years on behalf of the People’s Power Party (PPP). Before entering politics, Yoon was a prominent prosecutor in South Korea. He was instrumental in the conviction of former President Park Geun-Hye, who was imprisoned for corruption.
It is expected to seek more cooperation with the United States and take a tough stance against neighboring North Korea.
Income inequality
In the field of domestic politics, he has to deal with the enormous income inequality among South Koreans. In addition, many people in the country are struggling with high debts.
The White House has since congratulated Yoon. “The alliance between the United States and the Republic of Korea, our economies and our people is rock solid,” Washington said.
Source: NOS
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