South Korea has a new president, Lee Jae-myung, who took office after a decisive victory in the recent elections. In his first speech, Lee promised to mend the divides in the country that have emerged from months of political and economic unrest. He also expressed a desire to reopen communication with North Korea.
Lee, a member of the liberal Democratic Party of Korea, replaces Yoon Suk-yeol, who was ousted after imposing martial law last year. Yoon’s actions, which were aimed at addressing perceived threats from North Korea, sparked a national crisis.
After taking the oath at parliament, Lee emphasized the need for change in South Korea, which has faced uncertainty and protests recently. He labeled his administration as a pragmatic, pro-market government. Lee acknowledged the challenges posed by rising protectionism and trade tensions, especially with the United States under President Donald Trump. He noted that tariffs on South Korean goods have increased, impacting the nation’s export-driven economy.
In his speech, Lee outlined his approach to North Korea, aiming to deter military provocations while also seeking dialogue and cooperation. He spoke about the importance of peace, stating, “No matter how costly, peace is better than war.” He also highlighted his commitment to addressing the cost-of-living issues affecting middle- and low-income families.
Lee’s election saw a significant turnout, with 49.4% of the votes going to him, making it the highest voter participation since 1997. His victory reflects a shift in public sentiment and a desire for stability after a tumultuous period in South Korean politics.
As Lee begins his presidency, he faces the dual challenge of healing a divided nation and managing complex international relations, particularly with the U.S. and North Korea. His administration’s success will depend on how well he can balance these issues while addressing the needs of South Korean citizens.