Lee Jae-myung Elected South Korea’s New President After Snap Election, Pledges Economic Revival
Date: 04-jun-2025 | By: Nuztrend Team
In a pivotal moment for South Korea, liberal politician Lee Jae-myung has been elected the new president following a snap election triggered by the impeachment and removal of former President Yoon Suk Yeol. The National Election Commission confirmed Lee's victory on June 3, 2025, marking a significant political shift in the country.
Election Results: A Liberal Victory
Lee, the former governor of Gyeonggi Province and longtime Democratic Party leader, secured 49.42% of the vote, defeating his conservative opponent Kim Moon-soo, who garnered 41.15%. His win was largely driven by promises to stabilize the economy, address inequality, and reverse the damage caused by Yoon’s controversial martial law declaration earlier this year.
Background: Yoon's Impeachment and Crisis
Former President Yoon Suk Yeol was removed from office after the Constitutional Court upheld his impeachment in May 2025. His decision to impose martial law during anti-government protests, coupled with corruption allegations, led to a national political crisis and public outcry.
The snap election was called to restore stability and trust in government, and voter turnout reached a record-high 78%, signaling strong public engagement in South Korea’s democratic process.
Policy Priorities Under President Lee
1. Economic Revival
Lee’s top priority is economic recovery. South Korea’s economy has faced sluggish growth, youth unemployment, and mounting household debt. He has pledged to introduce stimulus measures, support small businesses, and expand social safety nets.
2. Rebalancing Society
Lee has long championed social equity. His administration plans to increase taxes on the wealthy, improve access to affordable housing, and reform labor laws to protect part-time and contract workers.
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3. Diplomacy and Security
Lee advocates for a more balanced foreign policy. He supports continued trilateral cooperation with the United States and Japan, while also seeking to reopen dialogue with North Korea. This includes reactivating humanitarian aid and seeking gradual denuclearization talks.
Challenges Ahead
Lee inherits a deeply polarized nation. While many celebrate his rise as a restoration of liberal governance, conservatives warn of economic populism and national security risks. Managing relations with an increasingly assertive China and an unpredictable North Korea will also test his leadership.
Nevertheless, Lee’s election marks the beginning of a new chapter for South Korea—one focused on healing, rebuilding, and repositioning the country on the global stage.
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