Lee Myung-bak Elected President of the Republic of Korea
On December 19, the voters of South Korea elected Lee Myung-bak, the previous mayor of Seoul and a former business executive, to be the next president. The candidate of the Grand National Party (GNP), Mr. Lee won by a wide margin over the other candidates, principally Chung Dong-young of the newly established United New Democratic Party and former GNP leader and 2002 presidential candidate Lee Hoi-chang.