• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal
PoliticsSouth Korea
Asia

South Koreans are finally voting for a new president, after the last one lost his job for trying to declare martial law 6 months ago

By
AFP
AFP
Down Arrow Button Icon
By
AFP
AFP
Down Arrow Button Icon
June 3, 2025, 3:28 AM ET
After months of turmoil and a revolving door of lame-duck acting leaders, many South Koreans are eager for the country to move forward.
After months of turmoil and a revolving door of lame-duck acting leaders, many South Koreans are eager for the country to move forward.Pedro Pardo—AFP via Getty Images
Add Fortune on Google for similar content.

South Koreans flocked to the polls Tuesday to elect a new president, six months to the day after ex-leader Yoon Suk Yeol plunged the country into political chaos with his disastrous declaration of martial law.

After months of turmoil and a revolving door of lame-duck acting leaders, many South Koreans are eager for the country to move forward.

All major polls have put liberal Lee Jae-myung well ahead, with the latest Gallup survey showing 49% of respondents viewed him as the best candidate.

Kim Moon-soo, from the conservative People Power Party (PPP), has trailed Lee in the polls and was on 35% in the Gallup survey.

Whoever emerges victorious will take office almost immediately and faces a bulging in-tray, including global trade vicissitudes chafing the export-driven economy, some of the world’s lowest birth rates and an emboldened North Korea rapidly expanding its military arsenal.

But the fallout from Yoon’s martial law declaration, which has left South Korea effectively leaderless for the first months of U.S. President Donald Trump’s tumultuous second term, is the top concern for voters, experts said.

Voter Park Dong-shin, 79, told AFP he was voting “to make a new country once again”.

Yoon’s martial law declaration “was the kind of thing done during the old days of dictatorship in our country”, he said.

He was voting for the candidate who would make sure those responsible were “properly dealt with”.

‘Strength of the Korean people’

A handful of elderly voters lined up at a polling station in Seoul’s Munrae-dong area at 6:00 am (2100 GMT) to cast their ballots when voting began.

“We were the first to arrive with the hope our candidate gets elected,” Yu Bun-dol, 80, told AFP, adding she was voting for the PPP—Yoon’s former party.

Overall voter turnout is expected to be high.

Seoul’s National Election Commission said as of midday, a total of 62.1% of eligible voters had cast their ballots, including early and overseas voters—up from 61.3% at the same point in the previous election.

Campaigning is not allowed on election day, but Lee posted on Facebook that the vote would “show the strength of the Korean people”, after months of turmoil.

“Polls show the election is largely viewed as a referendum on the previous administration,” Kang Joo-hyun, a political science professor at Sookmyung Women’s University, told AFP.

“The martial law and impeachment crisis not only swayed moderates but also fractured the conservative base.”

Yoon’s impeachment over his martial law bid, which saw armed soldiers deployed to parliament, made him the second straight conservative president to be stripped of office after Park Geun-hye in 2017.

And conservative candidate Kim had failed to convince a third party candidate, Lee Jun-seok of the Reform Party, to unify and avoid splitting the right-wing vote.

‘Turning point’

Exit polls by South Korea’s major broadcasters will be released around 8:00 pm—immediately after polls close—and are expected to give a fairly accurate picture of who won.

In the 2022 presidential election, they predicted the outcome accurately down to the first decimal place.

Seoul streets were peaceful as people made the most of good weather and a public holiday, but police issued the highest level of alert and deployed thousands of officers to ensure the election proceeded smoothly.

Liberal candidate Lee—who survived an assassination attempt last year—has been campaigning in a bullet-proof vest and delivering speeches behind a glass protective shield.

Ex-leader Yoon and his wife Kim Keon Hee cast their ballots at a polling station near their residence, but did not respond to questions from journalists.

South Korean presidents serve a single five-year term.

With a regular presidential election, there is a months-long transition period, and the new leader’s term begins at midnight after the predecessor’s final day.

But in a snap election, the winner becomes president as soon as the National Election Commission ratifies the vote tally.

Cab driver Choi Sung-wook, 68, said he was voting for Lee, partly due to his impoverished childhood, which he believed “will have a big influence on how he will serve the people”.

“I thought Yoon would do well, but he betrayed the people. I hope the next president will create an atmosphere of peace and unity rather than ideological warfare.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By AFP
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

The Danube is running dry, and Europe’s power grid is suffering as a result
EnvironmentEuropean Union
The Danube is running dry, and Europe’s power grid is suffering as a result
By Justin Spike and The Associated PressAugust 3, 2026
6 hours ago
‘There is no Fund’: GOP holdouts back Blanche after DOJ scraps proposed $1.8 billion slush fund
PoliticsAmerican Politics
‘There is no Fund’: GOP holdouts back Blanche after DOJ scraps proposed $1.8 billion slush fund
By Mary Clare Jalonick, Alanna Durkin Richer and The Associated PressAugust 3, 2026
6 hours ago
Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says 
EconomyUkraine invasion
Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says 
By Jason MaAugust 3, 2026
8 hours ago
A ship sails on the ocean near the Strait of Hormuz
EnergyShipping
The Iran war already has a winner: The world’s largest shipbroker notching record earnings from the ‘exceptional volatility’ in the Strait of Hormuz
By Sasha RogelbergAugust 3, 2026
8 hours ago
congress
Commentaryregulation
Congress needs an AI framework now
By Caleb KnappAugust 3, 2026
13 hours ago
After canceling Iran strikes, Trump says negotiations will resume Monday afternoon while Tehran continues Hormuz talks with Oman
PoliticsIran
After canceling Iran strikes, Trump says negotiations will resume Monday afternoon while Tehran continues Hormuz talks with Oman
By Aamer Madhani, Samy Magdy and The Associated PressAugust 2, 2026
1 day ago

Most Popular

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
North America
Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
By Catherina GioinoAugust 2, 2026
2 days ago
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
Economy
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
By Jason MaAugust 1, 2026
2 days ago
Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal
AI
Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal
By Holly Van Leuven and Morning BrewAugust 3, 2026
15 hours ago
Electric air taxis are finally ready for takeoff
Magazine
Electric air taxis are finally ready for takeoff
By Alexei OreskovicAugust 3, 2026
20 hours ago
Current price of oil as of August 3, 2026
Personal Finance
Current price of oil as of August 3, 2026
By Joseph HostetlerAugust 3, 2026
16 hours ago
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
Middle East
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
By Jason MaAugust 2, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.