[Breaking News] Yoon Seok-yeol Elected as 20th President... Regime Change After 5 Years

Yoon Seok-yeol, the likely winner and the People Power Party's presidential candidate. / Photo by National Assembly Press Corps [Image source=Yonhap News]

[Asia Economy Reporter Kang Juhee] In the 20th presidential election held on the 9th, the election of Yoon Seok-yeol, the presidential candidate of the People Power Party, was confirmed.

On the 10th, around 3:50 a.m., with 98% of the votes counted, Yoon secured 48.59%, or 16.04 million votes, effectively confirming his victory.

Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, received 47.80%, or 15.78 million votes. The vote difference was only 0.8 percentage points, or 260,000 votes.

Until the middle of the vote count, candidate Lee showed a leading trend, but at the 51% counting mark, candidate Yoon overtook for the first time and maintained a gap of 0.6 to 1.0 percentage points.

Because of this, the extremely close race continued until the vote count exceeded 90%, making it impossible to confirm the winner early.

This content was produced with the assistance of AI translation services.