SEOUL— Lee Jae-myung was officially inaugurated as South Korea’s president on Wednesday, following a decisive victory in the June 3 snap election. His ascent to the presidency comes after the impeachment of former President Yoon Suk Yeol, who attempted to impose martial law in December 2024, leading to widespread political unrest.
A Call for Unity and Democratic Restoration
In his inaugural address at the National Assembly in Seoul, President Lee emphasized the need to heal national divisions and restore democratic norms. He vowed to “end the politics of division” and ensure that democratic institutions are never again threatened. Reflecting on the recent political crisis, Lee stated, “We will hold accountable those responsible for undermining our democracy.”
Economic Challenges and Policy Initiatives
President Lee inherits an economy facing significant headwinds, including a slowdown exacerbated by recent U.S. tariffs on key South Korean exports such as steel and semiconductors. The Bank of Korea has revised its 2025 growth forecast downward to 1.5%, citing weakened domestic demand and export uncertainties.
To address these challenges, Lee announced the immediate activation of an emergency economic task force. His administration plans to invest in advanced technologies, renewable energy, and the cultural sector to stimulate growth.
Diplomatic Balancing Act
On the international front, President Lee signaled a commitment to pragmatic diplomacy. He pledged to strengthen alliances with the United States and Japan while maintaining balanced relations with China. Lee also expressed a willingness to engage in dialogue with North Korea, emphasizing that “peace is always cheaper than war.”
His administration is expected to participate in upcoming international summits, including the G7 in Canada and the NATO Summit in the Netherlands, where discussions on trade and security are anticipated.
Public Sentiment and Outlook
Lee’s election has been interpreted by analysts as a public mandate for change, driven more by a rejection of the previous administration’s actions than by overwhelming support for Lee’s platform. Nonetheless, many citizens express hope that his leadership will bring about necessary reforms and stability. “I believe he will carry out his promises and create a fairer society,” said a supporter attending the inauguration.
As President Lee embarks on his term, he faces the dual challenges of uniting a polarized nation and navigating complex economic and diplomatic landscapes. His success will depend on his ability to implement effective policies and foster collaborative international relationships. (zai)