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"A comprehensive, collaborative elections resource."
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Ex-Hyundai CEO Wins South Korean Presidency
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| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Dec 20, 2007 12:39am |
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| Category | News |
| News Date | Wednesday, December 19, 2007 09:00:00 PM UTC0:0 |
| Description | A former Hyundai CEO known as "The Bulldozer" for his determination to get things done rolled over all opposition and financial fraud allegations to win South Korea's presidency Wednesday, ending a decade of liberal rule.
Lee Myung-bak, who turned 66 on election day and has also served as the mayor of Seoul, earned the landslide victory on a wave of discontent with incumbent President Roh Moo-hyun, whom many believe bungled the economy and dragged down the country's rapid growth.
The rise to power of Lee's conservative Grand National Party was expected to herald closer ties with the U.S. and a more critical view of relations with communist North Korea, which has been lavished with aid by Roh's administration.
The National Election Commission said Lee had 48.7 percent of the vote after all ballots were counted. Liberal Chung Dong-young was a distant second with 26.2 percent.
It was the biggest margin of victory in any South Korean presidential election. |
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