Lee Jae-myung takes office as South Korea’s president amid political upheaval, pledging national unity, economic revival, and renewed diplomacy.
At a Glance
- Lee Jae-myung inaugurated as president following Yoon Suk-yeol’s impeachment.
- Vows to restore democracy and prevent future military overreach.
- Plans to revitalize economy through AI, green energy, and cultural industries.
- Seeks balanced foreign policy, strengthening U.S. and Japan ties while engaging North Korea.
- Faces challenges from U.S. tariffs and global trade instability.
A Nation at a Crossroads
Lee Jae-myung’s rise to South Korea’s presidency comes after a tumultuous period marked by the impeachment of former President Yoon Suk-yeol, who was ousted following a controversial declaration of martial law. Lee’s inauguration on June 4, 2025, symbolizes a shift towards restoring democratic norms and addressing the nation’s pressing challenges.
In his inaugural address, Lee emphasized the need for national unity, pledging to serve all citizens regardless of political affiliation. He acknowledged the country’s “tangled web of overlapping crises,” including economic stagnation, social inequality, and threats to democratic institutions.
Economic Revival and Innovation
Confronted with a slowing economy, declining exports, and rising household debt, Lee has pledged to implement bold economic reforms. His administration plans to invest heavily in artificial intelligence, renewable energy, and South Korea’s cultural industries, aiming to stimulate growth and create new job opportunities.
Lee has also proposed the formation of an emergency economic task force to address immediate fiscal challenges. He advocates for a more equitable economic model, seeking to reform the over-centralized development approach that has contributed to social disparities.
Watch a report: South Korea’s New President Outlines Economic Strategy.
Diplomatic Balancing Act
On the international stage, Lee is pursuing a pragmatic foreign policy. He aims to strengthen alliances with the United States and Japan while maintaining balanced relations with China. Recognizing the complexities of regional security, Lee has expressed a willingness to engage in dialogue with North Korea, emphasizing that “peace is always cheaper than war.”
However, Lee’s approach faces challenges, including navigating U.S. protectionist policies and managing tensions with North Korea, which has been deepening military ties with Russia. His administration’s success will depend on its ability to balance these relationships while safeguarding South Korea’s national interests.
As Lee embarks on his presidency, the nation watches closely to see whether his promises of unity, economic revitalization, and diplomatic engagement will materialize into tangible progress for South Korea.
