Exit ballot South Korea, the progressive Lee Jae -my elected president, defeated the conservative candidate | EUROtoday

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By our correspondent

SEUL – South Korea closed yesterday some of the tough chapters of its fashionable historical past, electing Lee Jae -myung, a progressive candidate who must return to the nation an authoritative information to a second of nice uncertainty, after six months wherein the fourth Asian economic system was the truth is and not using a chief. According to all exit ballot, the 60 yr previous Lee – who ran below the indicators of the Democratic Party of Korea (DPK) – collected greater than 50% of the preferences, clearly detaching the conservative candidate of the People Power Party (PPP) Kim Moon -Soo, stopped round 39 %. When the projections primarily based on 40% of playing cards already scrutinized had been nearly midnight in Seoul

The outcome, nevertheless broadly awaited, returns the nation’s information to a democratically elected president after theimpeachment by Yoon Suk Yeol, the conservative chief who had surprised the world on 3 December, first establishing martial legislation after which again, a couple of hours later, after a daring night time seat of the National Assembly. “Lee’s victory – explains Byong -Chul Lee, a professor of the Institute for Far Eastern Studies of Kyungnam University – could mark the end of the far -right intermezzo of Korea, a phase that we will remember as a temporary deviation from the democratic and liberal values”.

According to all observers, Lee’s victory is just not solely a return to regular after months of steady modifications between interim presidents, but additionally a robust discontinuity with Yoon. “Lee – explains Byong Jin Ahn of the Global Academy for Future Civilizations of the Kyung Hee University – will be a strong president, also thanks to the fact of having a solid parliamentary majority on its side”.

One of the primary issues that will probably be known as to face is the economic system. In the primary quarter of the yr, the GDP of South Korea contracted 0.1% yr on yr and 0.2% in comparison with the final three months of 2024. Analysts, along with the promised investments in high-tech sectors that united all candidates, count on a rise in public spending and assist to medium-low lessons from the long run president.