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Lee Jae-Myung Sworn In After Snap Election Win, Unveils ₩30 Trillion Stimulus

Proposed court reforms by the legislature fuel fears over unchecked presidential power in a country divided by gender politics

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New South Korean President Lee Jae-myung and his wife Kim Hye-kyung at the National Assembly in Seoul on June 4.
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Overview

  • Lee Jae-Myung secured 50% of the vote on June 3, winning over 17 million ballots and handily defeating conservative rival Kim Moon-soo.
  • At his first cabinet meeting on June 5, Lee’s administration approved a 30 trillion-won emergency stimulus package to boost economic growth and calm public unease.
  • The Democratic Party’s near two-thirds majority in the National Assembly prompted a bill to expand Supreme Court seats from 14 to as many as 30, raising concerns about stacking the judiciary.
  • Deep gender splits shaped the election, with women holding just 20% of assembly seats despite large protests against last year’s martial law declaration.
  • The opposition People Power Party remains fractured over former President Yoon Suk Yeol’s impeachment, leaving it ill-equipped to check the new administration.