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21 April 2024

Former Hyundai CEO Lee Myung-bak elected South Korean president: exit polls

By Agencies



Lee Myung-bak won South Korea’s presidential election Wednesday by a landslide, according to exit polls, as voters overlooked fraud allegations in hope the former Hyundai CEO will revive the economy.

Lee of the conservative Grand National Party received 50.3 per cent of the vote, according to an exit poll sponsored jointly by TV stations KBS and MBC. The next closest candidate, liberal Chung Dong-young, had 26 per cent, and independent Lee Hoi-chang was third with 13.5 per cent. (AP)