South Korea Presidential Election: Lee Jae-Myung Declares Victory Over Kim Moon-Soo
The South Korean presidential election took place on the 3rd, and the candidate from the Democratic Party, Lee Jae-Myung, declared victory early on the 4th, defeating the ruling People Power Party's nominee, Kim Moon-Soo. In his victory speech, Lee stated his commitment to end political unrest and prevent military coups, while also striving to boost the economy and ensure people's livelihoods.
Kim Moon-Soo quickly acknowledged his defeat and expressed his willingness to humbly accept the people's choice. According to South Korean media reports, under the Public Election Law, the presidential term will take effect immediately after the election results are confirmed, following a vote by the Central Election Management Committee based on the counting results.
