Lee Myung-bak wins South Korean presidency
Thursday, December 20, 2007
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.
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."
- Jonathan Thatcher. "Economy pledge helps Lee win South Korean presidency" — , December 19, 2007
- "Lee wins South Korea's election" — , December 19, 2007
- National Election Commision - official site