New South Korean President Lee Jae-myung Vows Economic Rebound, End to Military Rule Legacy


South Korea’s newly elected liberal president, Lee Jae-myung, took office Wednesday, promising to heal a nation shaken by martial law and to revive its struggling economy.

Lee, a former human rights lawyer, won Tuesday’s snap election with 49.42% of nearly 35 million votes, defeating conservative rival Kim Moon-soo who garnered 41.15%. The election, prompted by political chaos under ousted president Yoon Suk Yeol, saw the highest voter turnout since 1997.

Calling the election “judgment day,” Lee declared it a firm rejection of Yoon’s failed martial law and the People Power Party’s handling of the crisis. “We must overcome insurrection and ensure that no military coup ever happens again,” he said in a passionate speech outside parliament.

Lee immediately assumed the presidency following confirmation from the National Election Commission. A brief inauguration was held the same day at the National Assembly.

He faces a host of challenges, including restoring trust after months of political unrest, navigating economic recovery amid global protectionism, and stabilizing social divisions. Lee aims to drive investment in innovation and technology, while expanding support for low- and middle-income families.

Internationally, Lee is expected to adopt a friendlier stance toward China and North Korea while maintaining diplomatic ties with Japan, building on policies from the Yoon administration.

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