South Korea began a new political era on Wednesday as liberal candidate Lee Jae-myung was formally appointed the nation’s next president, after a commanding victory in Tuesday’s high-stakes snap election. His election comes after the shocking fall of previous president Yoon Suk Yeol, whose ill-fated bid to declare martial law sent the country into political crisis.
Lee, aged 61 and previously a human rights lawyer, won 49.42% of the nearly 35 million votes for the seat, beating conservative opponent Kim Moon-soo, who took 41.15%. Voter turnout hit a record since 1997, according to the National Election Commission.
In an impassioned victory speech outside parliament, Lee characterized the election as a “judgment day” on Yoon’s failed leadership and appealed for unity to ensure no future military intervention in politics. “Our first task is to end the cycle of insurrection and see that guns are never again pointed at our people,” he stated.
Lee was quickly sworn in as president Wednesday by the National Election Commission, taking full presidential authority and the title of commander in chief. A short inauguration ceremony will be held at parliament later Wednesday.
As he assumes office, Lee is confronted by an array of economic and social issues. The nation continues to be severely polarized in the aftermath of Yoon’s ill-fated martial law declaration, which resulted in the indictment of a number of top leaders and three acting presidents. South Korea’s export-oriented economy is also suffering from the impact of mounting protectionism around the world, especially from the United States.
Lee has promised to lead the nation towards new growth by investing in technology and giving more support to low- and middle-income families. He is also likely to have a softer approach to foreign policy, particularly towards North Korea and China, while continuing diplomatic relations with Japan.
