After months of political turmoil, Lee Jae-myung, a center-left candidate from the Democratic Party, is predicted to win the South Korean presidential election by a considerable margin, according to exit polls released after voting concluded on Tuesday. The poll indicated that 51.7% of voters supported Lee, compared to 39.3% for his main rival, Kim Moon-soo of the right-wing People Power Party.
Voter turnout was notably high, surpassing 76% by 6 p.m. local time, with final turnout reported at 78%, the highest since 1997. This election is viewed as a referendum on the unpopular former president Yoon Suk Yeol, who was impeached after attempting to impose martial law.
Lee has committed to addressing the nation's deep political divisions and economic challenges while promoting a more balanced diplomatic approach with both China and North Korea, alongside maintaining strong ties with the United States. In contrast, Kim is expected to continue the previous conservative foreign policy.
South Korea is currently grappling with significant domestic issues, including a sluggish economy, rising political polarization, and strained international relations. Analysts believe that electing a new president could lead to market stability and growth, given the country’s recent political instability.
Young voters expressed feelings of disillusionment with the candidates, particularly regarding issues such as youth unemployment and gender discrimination, which they feel are not adequately addressed. Amid the heightened security surrounding the election, Lee campaigned under increased protective measures after surviving an assassination attempt last year.
The election results are expected to bring about significant changes in South Korea's political landscape, with Lee Jae-myung potentially becoming one of the most powerful leaders in the country’s recent history. However, he will face the daunting task of uniting a divided electorate while navigating complex economic and foreign policy challenges.