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South Koreans Turn Out in Record Numbers for Early Vote in Three-Way Presidential Race

Triggered by former President Yoon Suk-yeol’s impeachment, the June election will decide who tackles South Korea’s economic downturn after the Bank of Korea’s unexpected rate cut.

Overview

  • More than 8.7 million voters, or 19.58% of eligible voters, cast early ballots on the first day, setting a new first-day turnout record.
  • Gallup Korea’s final poll before the blackout placed Democratic Party candidate Lee Jae-myung at 49% support, maintaining a double-digit lead over People Power Party rival Kim Moon-soo.
  • Kim Moon-soo has been unable to persuade New Reform Party contender Lee Jun-seok to merge campaigns, ensuring a three-way contest on Election Day.
  • The snap election follows Yoon Suk-yeol’s impeachment over his failed martial law decree, with contenders urging voters to judge the resilience of South Korea’s democracy.
  • The next president will confront a weak growth outlook after the Bank of Korea’s surprise rate cut and must address economic and security challenges, prompting policy pledges such as Lee’s proposed Ministry of Climate and Energy.