South Korea's Presidential Election: Potential Outcomes and Their Implications

South Korea will hold an early presidential election on June 3 following the April impeachment of President Yoon Suk Yeol over his martial law declaration in December. The ruling People Power Party, or PPP, will fight to hold the presidency despite the martial law legacy left by Yoon, while the opposition Democratic Party, or DPK, will seek to take advantage of the early election and low support for the PPP, driven by Yoon's martial law gambit, to assume the presidency for the first time since 2022. The winner will have a five-year term and will not be eligible for reelection. Due to Yoon's impeachment, the new president will take office immediately after the election. ...