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Lee Myung-bak wins South Korean presidency

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Thursday, December 20, 2007

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South Korea's new president-elect, Lee Myung-bak, seen here on June 24, 2005 at the Cheonggyecheon restoration site.
Image: Erik Möller.

Lee Myung-bak has won the presidential election in South Korea. According to the National Election Commission, Lee of the Grand National Party won 48.6% of the vote. Chung Dong-young of the United New Democratic Party came in second with 26.2%. These results are with 98% of the ballots counted.

President of South Korea Roh Moo-hyun was not in the election as the presidency is a single five-year term with no eligibility for re-election. Lee is scheduled to take office on February 25, 2008.

For the first time in South Korea's history, a president-elect is facing an investigation by a prosecutor. Lee, former Hyundai executive, could face charges of fraud stemming from his alleged involvement in a financial scam in 2001. Lee denies the charges, but the investigation is unlikely to conclude before the inauguration.

"I will serve the people in a very humble way. According to the people's wishes, I will save the nation's economy that faces a crisis," Lee Myung-bak said in a televised news-conference.

Chung Dong-young conceded defeat "I accept what the people decided today." He told Reuters, "I hope president-elect Lee Myung-bak will lead the country well."


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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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