Kim Moon Soo, the conservative candidate from the People Power Party, conceded defeat in South Korea's presidential election to liberal candidate Lee Jae-myung. With over 73% of the votes counted, Lee led significantly, marking a potential shift after a period of political destabilization due to former president Yoon Suk Yeol's controversial martial law. Despite concerns over Lee's foreign policy leaning and challenges from Trump's tariffs and North Korea's threats, he emphasizes maintaining alliances with the U.S. as pivotal to South Korea's strategic approach.
"Kim, the candidate of the People Power Party, told a news conference early Wednesday that he 'humbly accepts (the) people's choice' and congratulates his liberal rival Lee Jae-myung for winning the election."
"The victory would cap months of political turmoil triggered by the stunning, but brief imposition of martial law by the now ousted conservative leader Yoon Suk Yeol."
"Lee, previously accused by critics of tilting toward China and North Korea and away from the U.S. and Japan, has repeatedly stressed South Korea's alliance with the U.S. as the foundation of its foreign policy."
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