S Korean opposition leader opens presidential bid following Yoon's ouster

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S Korean opposition leader opens presidential bid following Yoon's ouster - Business Standard

Quick Summary:

South Korean opposition leader Lee Jae-myung, widely seen as the frontrunner in a presidential by-election triggered by the removal of President Yoon Suk Yeol last week, officially announced a presidential bid on Thursday, vowing to heal a starkly divided nation through economic growth.

Lee, who narrowly lost the 2022 election to Yoon, led the liberal Democratic Party's campaign to oust the former president over his December declaration of martial law.

Kim Dong-yeon, the Democratic governor of Gyeonggi province and a longtime financial policymaker, also told reporters Wednesday that he intends to run for president.