onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: South Korea’s presidential campaigns kick off, focus on ailing economy
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
News

South Korea’s presidential campaigns kick off, focus on ailing economy

Last updated: May 11, 2025 8:00 pm
OnlyTrustedInfo.com
Share
4 Min Read
South Korea’s presidential campaigns kick off, focus on ailing economy
SHARE

By Ju-min Park

SEOUL (Reuters) – Contenders for South Korea’s presidency kicked off their campaigns on Monday, vowing to unify a deeply polarised society and spur economic growth while navigating trade negotiations with the United States.

Asia’s fourth-largest economy will hold a snap presidential election on June 3 to choose Yoon Suk Yeol’s successor after the conservative leader was ousted over his shock martial law order that plunged the country into a political crisis.

Surrounded by a huge crowd of supporters dressed in blue, frontrunner Lee Jae-myung from the liberal Democratic Party rallied in the centre of capital Seoul.

Some supporters danced to campaign songs while others chanted “Lee Jae-myung, President!”.

“Will you join the journey to a new start, a new path to hope?” Lee told the crowd, changing into a pair of sneakers onstage to signal his hard work during the race.

Lee, who lost the previous presidential polls to Yoon, is now riding a wave of popular support after overcoming a knife attack, standing up to the martial law order and contesting criminal charges that have threatened to disqualify him from the race.

His ongoing trials on matters ranging from bribery to charges mostly linked to a $1-billion property development scandal have been pushed back to after the polls.

Lee, wearing a bulletproof vest due to threats to his safety, promised to become the leader of unity and weather a trade crisis triggered by trade tariffs imposed by the administration of U.S. President Donald Trump.

His party’s major policy proposals involve growing the economy with a focus on artificial intelligence and K-pop culture industries.

If elected, Lee would seek to restore soured relations with North Korea, which is technically at war with the South, while expanding the country’s diplomatic sphere into Europe, according to the party’s policy pledges.

Kim Moon-soo, Lee’s conservative rival, began his campaign at a public wholesale market in Seoul, eating a Korean sausage soup with merchants and promising to revive small businesses in the slowing economy.

After a tumultuous week that required merging his campaign with a former Prime Minister who was also scheduled to run, the former labour minister has officially become the presidential candidate from the major right-wing People Power Party.

Yoon publicly endorsed Kim on Sunday to fight “the giant opposition party”, but his support has garnered criticism from some PPP members who want the party to kick out the ousted leader.

Job creation and a business-friendly environment are Kim’s key policy proposals. If elected, he has proposed an immediate summit meeting with Trump to negotiate tariffs.

Kim said he would focus on strengthening the security alliance with the United States but also seek a path for the country to potentially pursue nuclear armament by securing the right to reprocess nuclear fuel, a major step toward building atomic weapons.

(Reporting by Ju-min Park; Editing by Saad Sayeed)

You Might Also Like

Sen. Gallego cosponsors bill to boost business investments

Whole Hog Politics: The autopsy Democrats actually need

An officer’s instincts led to a confrontation before the Minnesota suspect reached other targets on a long hit list, police say

Who are the students Trump wants to deport? | Donald Trump News

Tariff revenue makes it hard for Supreme Court to rule against Trump, Bessent says

Share This Article
Facebook X Copy Link Print
Share
Previous Article Why This Reptile Sounds Like It’s Snoring While Awake Why This Reptile Sounds Like It’s Snoring While Awake
Next Article Foreign overfishing in Senegal fuels migration to Spain, a report finds Foreign overfishing in Senegal fuels migration to Spain, a report finds

Latest News

Prince Andrew’s Legal Peril Deepens: Transatlantic Probe Targets Giuffre Family
Entertainment July 11, 2026
Sofia Vergara’s Etro Dress: The Keyhole Cutout That’s Turning Heads on Italian Streets
Entertainment July 11, 2026
Rick Springfield at 76: How the ‘Jessie’s Girl’ Icon Redefined Aging in Rock with His Viral Physique
Entertainment July 11, 2026
Prince Harry and Meghan’s Children Reunite with King Charles: A Royal Family Milestone After Years of Tension
Entertainment July 11, 2026
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2026 OnlyTrustedInfo.com . All Rights Reserved.