• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

South Koreans cast votes for new president to succeed Yoon after his ouster over martial law declaration

by June 3, 2025
by June 3, 2025
NEWYou can now listen to Fox News articles!

Millions of South Korean voters are casting their ballots on Tuesday for a new president in a snap election following the ouster of former President Yoon Suk Yeol.

Yoon, a conservative, faces trial on rebellion charges over his short-lived martial law declaration in December.

Pre-election surveys suggested Lee Jae-myung, Yoon’s liberal archrival, appeared poised to coast to victory due to public frustration over the conservatives in the wake of Yoon’s martial law decree.

The main conservative candidate, Kim Moon Soo, has struggled to win over moderate swing voters, as his People Power Party grapples with internal feuding over how to view Yoon’s actions.

Over the past six months, large crowds of people rallied in the streets to either protest against Yoon or come to his support.

The winner of the election will immediately be sworn in as president on Wednesday for a single, full five-year term without the typical two-month transition period. The new president will face significant challenges, including a slowing economy, U.S. President Donald Trump’s tariffs and North Korea’s nuclear threats.

Voting began at 6 a.m. at more than 14,000 polling stations nationwide. Polls will close at 8 p.m., and observers say a winner could be declared as early as midnight.

As of 2 p.m. local time, more than 13 million people had cast their ballots. Roughly 15 million also voted during last week’s two-day early voting period, meaning voter turnout stood at 65.5%. South Korea has 44.4 million eligible voters.

On Tuesday, Lee, whose Democratic Party led the legislative effort to oust Yoon, urged voters to ‘deliver a stern and resolute judgement’ against the conservatives over Yoon’s martial law declaration.

In one of his final campaign speeches on Monday, Lee argued that a victory by Kim would represent ‘the return of the rebellion forces, the destruction of democracy and the deprival of people’s human rights.’ He also vowed to revitalize the economy, reduce inequality and ease national divisions.

Kim, a former labor minister under Yoon, warned that a win by Lee would allow him to hold excessive power, launch political retaliation against opponents and legislate laws to protect him from various legal troubles, as his party already has control of parliament.

Lee ‘is now trying to seize all power in South Korea and establish a Hitler-like dictatorship,’ Kim said at a rally in the southeastern city of Busan.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Puerto Rico permits nonbinary gender marker on birth certificates in landmark court decision
next post
Trump’s fresh White House portrait sparks interest amid controversy over National Portrait Gallery leadership

Related Posts

Immigration Arrest Quotas Undermine ICE’s Mission

February 9, 2026

Liberty Eroding, Gold Rising: 30 Years of Warning

February 9, 2026

Whispering death: Army’s new M1E3 Abrams tank is...

February 9, 2026

DAVID MARCUS: In rural Virginia, mixed signals for...

February 9, 2026

North Korea executed teens for listening to K-pop,...

February 9, 2026

Iran’s top diplomat says nation’s power lies in...

February 9, 2026

The world’s top nuclear powers have no arsenal...

February 9, 2026

Trump says nuclear talks in Oman were ‘very...

February 8, 2026

Ambassador Mike Waltz lays out ‘America First’ vision...

February 8, 2026

Russia to ‘interrogate’ two suspects in attempted assassination...

February 8, 2026

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Immigration Arrest Quotas Undermine ICE’s Mission

    February 9, 2026
  • Liberty Eroding, Gold Rising: 30 Years of Warning

    February 9, 2026
  • Nikkei 225 Index forecast after Sanae Takaichi landslide win: is it a buy or sell?

    February 9, 2026
  • Gold reclaims $5,000, silver surges 6% as experts say bullish momentum intact

    February 9, 2026
  • Morning brief: Takaichi wins Japan election, Starmer’s chief of staff quits

    February 9, 2026
  • Stellantis stock collapses as bearish setup signals deeper pain

    February 9, 2026

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 3

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • ‘The Value of Others’ Isn’t Especially Valuable

    April 17, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (4,075)
  • Editor's Pick (449)
  • Investing (510)
  • Stock (2,714)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Huckabee demands Israel ‘aggressively investigate’ murder of...

July 16, 2025

Karoline Leavitt says she won’t attend White...

March 17, 2025

Can Some Deportations Promote Open Immigration and...

April 15, 2025