Kim Moon Soo concedes defeat, Lee Jae-myung to take over as South Korea’s president

Kim Moon Soo conceded defeat in South Korea’s presidential election, paving the way for Lee Jae-myung’s immediate inauguration. Lee’s victory follows political turmoil after Yoon Suk Yeol’s ousting, with Lee promising a stronger, equitable nation and pragmatic diplomacy. He faces challenges including US tariff hikes and pledges to investigate Yoon’s martial law decision.