South Korea’s New President: Lee Jae-myung’s Rise to Power

He entered politics in 2006, winning Seongnam's mayoral election in 2010 and later serving as governor of Gyeonggi province. Lee's populist economic policies, including a limited form of universal basic income, attracted attention beyond his electorate.

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Lee Jae-myung‘s path to the South Korean presidency is a reflection of the country’s rapid economic growth from poverty to becoming one of the world’s leading economies. Born in 1963, Lee’s early life was marked by deprivation and adversity, including working as an underage factory laborer. Despite these challenges, Lee credits his humble beginnings with shaping his progressive beliefs. “Poverty is not a sin, but I was always particularly sensitive to the injustices I experienced because of poverty,” Lee said in a 2022 speech.

Lee’s rise to prominence began with his law career, where he championed the rights of the underdog, including victims of industrial accidents and residents facing eviction. He entered politics in 2006, winning Seongnam’s mayoral election in 2010 and later serving as governor of Gyeonggi province. Lee’s populist economic policies, including a limited form of universal basic income, attracted attention beyond his electorate.

As president, Lee has pledged to prioritize the economy, proposing increased investment in artificial intelligence, a four-and-a-half-day workweek, and tax deductions for parents. On foreign affairs, he aims to mend relations with North Korea while maintaining the US-Korea security alliance. “I would call him a progressive pragmatist,” said Yong-chool Ha, director of the Center for Korea Studies at the University of Washington. “Critics call him a kind of manipulator; his supporters call him flexible.”

Lee’s election marks an extraordinary comeback, having faced five criminal proceedings, including charges of election law violations and breach of trust. As president, Lee will enjoy immunity from prosecution, except in cases of insurrection or treason. Lee’s ability to navigate South Korea’s polarized politics and a volatile international environment will be crucial to his success.

“Lee Jae-myung’s remarkable rise from poverty to South Korean presidency, marked by his populist policies and resilient leadership, amid controversies and challenges.”Lee Jae-myung’s presidency promises significant changes with his focus on economic growth, AI investment, and improved North Korea relations, while navigating polarized politics.

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