• 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

Africa’s Christian Crisis: How 2025’s deadly attacks finally...

December 29, 2025

DAVID MARCUS: What the conservative think tank wars...

December 29, 2025

Trump, Zelenskyy say Ukraine peace deal close but...

December 29, 2025

FBI surges resources to Minnesota as Director Patel...

December 29, 2025

Marjorie Taylor Greene criticizes Trump’s meetings with Zelenskyy,...

December 29, 2025

DAVID MARCUS: Ben Sasse is dying, but his...

December 28, 2025

Zelenskyy says fresh Russian attack on Ukraine shows...

December 28, 2025

Trump’s peace through strength in 2025: where wars...

December 28, 2025

Most shocking examples of Chinese espionage uncovered by...

December 28, 2025

Zelenskyy says Ukraine, ahead of Trump meeting, is...

December 28, 2025

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

  • Hang Seng Index jumped 30% in 2025: here are the top gainers

    December 29, 2025
  • Here’s why the Nikkei 225 Index jumped in 2025 and the top gainers

    December 29, 2025
  • Morning brief: Asian stocks hit six-week highs, Bitcoin jumps above $90,000

    December 29, 2025
  • Edinburgh Worldwide’s SpaceX bet delivers nearly 950% return

    December 29, 2025
  • Coupang data breach triggers $1.1B compensation and political scrutiny

    December 29, 2025
  • Is the gold and silver rally a bubble? What 2026 could mean for bullion

    December 29, 2025

Editors’ Picks

  • 1

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

    March 26, 2025
  • 2

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

    February 21, 2025
  • 3

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

    February 23, 2025
  • 4

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

    February 20, 2025
  • 5

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

    February 25, 2025
  • 6

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

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,633)
  • Editor's Pick (374)
  • Investing (318)
  • Stock (2,458)
  • 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

Dems’ hearing meltdowns a play to the...

May 19, 2025

Trump learns how to fend off the...

November 4, 2025

Wisconsin Supreme Court decides abortion case that...

July 3, 2025