South Korea's new President Lee Jae-Myung promises economic innovation, recovered to martial law crisis | Today news

Lee Jae-Myung was sworn in as the new Liberal President of South Korea on Wednesday, and promised to lead the nation from the political upheaval caused by a recent martial law crisis and reviving an economy with trailing growth and increasing global protectionism. His election came in the wake of former President Yoon Suk Yeol, just three years after his presidency, after widespread setbacks over a failed bid to impose military rule. In a regular presidential election, South Korea allowed a months-long transition period-but as Lee’s victory came to Yoon’s prosecution in an election, his term began immediately. “The National Electoral Commission hereby declares Lee Jae-Myung of the Democratic Party as the elected president,” said Roh Tae-AK, chairman of the National Electoral Commission. According to the National Electoral Commission, Lee Jae-Myung won 49.42 percent of the nearly 35 million votes, while conservative competitor Kim Moon-SOO took 41.15 percent in the polls that brought the highest rise for a presidential election since 1997. Now at the helm, empty inherits a deaf nation and a host of the growing challenges-of the restoration of the public trustation after the relocation of the public truss to the relocation of the public truss after the relocation of the public trustation of the public trustation after the relocation of the public trustation of the public. Uncertainty fueled by unpredictable protectionist policies of the United States, one of South Korea’s most important trade and safety partners. “There will never be another military coup” in his victory speech outside Parliament, Lee Jae-Myung said: “The first mission is to certainly overcome the uprising and to ensure that there will never be another military coup with guns and swords against the people.” “We can overcome these temporary problems with the joint power of our people who have great abilities,” he said. In his capacity as president of South Korea, Lee Jae-Myung said he would first address the economic challenges, focusing on the issues of living expenses. He also faces a deadline set by the White House on the negotiation of import tax that Washington blamed for a large imbalance between the countries. (With Reuters inputs)