South Korea has elected Lee Jae-myung as the new president to bring stability after former President Yoon Suk Yeol's martial law declaration. Erik Morband, an associate professor at Seoul National University, told TaiwanPlus News that Lee has promised to bring stability to South Korean politics to restore trust in democratic institutions.
00:00Eric, Democratic Party candidate Lee Jae-myung has won the presidency.
00:04What's the initial reaction coming out of South Korea?
00:07To an extent, there was little surprise here.
00:10It was anticipated that Lee Jae-myung of the Democratic Party would win this election rather comfortably.
00:17And sure enough, he did.
00:19So in terms of having a winner of the election and a new administration, things went relatively as anticipated.
00:29I think that is the top line here.
00:32I think there is a bigger story about the historic place of this election coming six months after the illegal attempt to impose martial law.
00:45We can read this election as drawing a line under that episode.
00:51What pledges did Lee make during the campaign and is he likely to deliver on them?
00:55I think a lot of the signaling in this election and many elections in South Korea has less to do with specific policy promises and more to do with the general positioning that a candidate promises to bring.
01:11And the kind of promise that Lee and the Democratic Party had was that we will help to keep Korean government functioning.
01:22This was not a radical program.
01:24If one looks at the kinds of things that Lee not only has promised in the past few weeks of the campaign, but in the record of his career in politics and administration, he's not somebody who undertakes wildly radical policies.
01:43Many of his policies are are in fact quite friendly to to business and the private sector and the functioning of the market.
01:55So there's been a turnover in power after former President Yoon So Kyo's martial law declaration is his party, the People Power Party in trouble.
02:03We've had to basically two major groupings of politicians, two major political parties for decades.
02:11Nine years ago, we had an episode where another former president had committed wrongdoing on from the same party side as Yoon.
02:19That episode really smashed the predecessor to the People's Power Party.
02:24Yoon helped to resuscitate their fortunes and give them a bit of a lifeline and governing control, at least through the executive, and then he imploded, and the question is what happens next?
02:37Now, one trend here is that the party did not really separate itself as much from Yoon's attempt at declaring martial law as one might have anticipated.
02:54This is what happens next.
02:55You can see this topic in the park.
02:57And so you can see the party yet.
02:58This is really interesting because for new people, there is no real interest in considering the police dominance.
03:00And it's like your shot at the back.
03:01And there is one thing that shouldn't be seen when the guard came in prior territory.
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