Opposition candidate Yoon Suk Yeol, a conservative former top prosecutor has been elected as South Korea’s new President.
- Yoon Suk Yeol defeated his ruling liberal party opponent Lee Jae-myung in one of the country’s most closely fought presidential elections held on March 9.
- People Power Party candidate Yoon won 48.6 percent of the votes, narrowly edging his rival Lee Jae-myung of Democratic Party, who garnered 47.8 percent.
- Yoon will take office in May and serve a single five-year term as leader of the world’s 10th largest economy.
- The election boiled down to a two-way showdown between Yoon from the opposition People Power Party and Lee from the governing Democratic Party.
