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Liberal Candidate Moon Jae-In Wins South Korea's Presidential Election

Liberal Candidate Moon Jae-In Wins South Korea's Presidential Election

During the Sunshine Policy, Seoul actively engaged Pyongyang, which led to closer relations on both sides of the border and saw two South Korean Presidents visit the North Korean capital. Two months after booting their sitting presiden. She decided not to vote, despite having the right to do so, South Korean media reported.

(Han Jong-chan/Yonhap via AP). Two months after booting their sitting pres.

That culture is partially what brought down Park, South Korea's first female president. That is not Mr Moon's way. Both the United States and South Korea had taken a hard stance against North Korea, which has continued to threaten its neighbors and the us with nuclear weapons.

Moon has called Park Geun-hye's hard-line North Korea policy a failure.

Although official results were not declared till Tuesday midnight local time, Moon's contenders appeared to have conceded defeat.

Moon will be officially sworn in as South Korea's new president after the election commission finishes the vote count and declares the victor Wednesday morning.

If his win is confirmed, Moon of the main opposition Democratic Party would replace Park Geun-hye, who was impeached in December by parliament over a sweeping corruption scandal.

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The polls have shown Hong and the centrist Ahn Cheol-soo running even. The Korean Broadcasters Association said the poll had a margin of error of 0.8 percentage points.

If Moon's win is confirmed, he is expected to overhaul Seoul's policy on North Korea, looking to open talks with Pyongyang and challenge the deployment of a controversial United States missile defense system. Moon has promoted engagement with the North.

The NEC earlier said counting all the votes may take up to 10 hours, but that the victor could emerge as early as around midnight. He promises stronger government support for small companies and startups, and to reduce South Korea's notoriously long work hours to help boost job creation.

The final turnout was 77.2 percent, or 32,808,377 voters among the electorate of 42,479,710 people.

But a year after Roh's unexpected election victory in 2002, Moon joined the administration as a presidential aide, tasked with weeding out official corruption and screening candidates for top government posts, before rising to become his chief of staff. He didn't want to be named, citing office rules.

Suga urged a new president to comply with the 2015 bilateral agreement aimed at resolving the longstanding "comfort women" dispute involving many Koreans and other women in Asia sexually abused at Japanese military brothels before and during World war II. The row persists over a statue built outside the Japanese consulate in Busan.

Outspoken conservative Hong Joon-pyo, the candidate from Park's Liberty Korea Party, described the election as a war between ideologies and questioned Moon's patriotism. That is South Korea's formal name.

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Opinion surveys have shown Moon as the favorite.

We are the owners of the Korean peninsula problem; we have to lead, right?

He could also call for the remove a missile defense system for the country's protection against North Korea, noted CNN.

The won KRW= is up almost 7 percent against the dollar this year, while South Korean shares .KS11 are trading at a record high as foreign investors feel confident about corporate earnings after South Korean businesses did well in the first quarter.

He said after casting his vote: "I gave all my body and soul (to the election) to the very end".

Frustration over widening inequality in wealth and opportunities fueled anger over Park's scandal, which exposed the cosy and corrupt ties between regulators and powerful family-oriented conglomerates, known as chaebols, that have endured for decades.

"Moon wasn't my favorite candidate in terms of policies, but I voted for him because he represented the best chance to switch government power and that's the most important thing over anything else", said Lee Ah-ram, a 39-year-old Seoul resident.

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Good quote on Bloomberg: "This is really a victory for the people who did their utmost to make a country for justice, unity, principles and common sense", Moon said in a speech to supporters in Seoul.

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