South Korea’s new liberal President Lee Jae-myung began his term pledging to overcome the recent martial law crisis and revive the struggling economy amid global protectionism threats. Winning nearly 50% of votes in a high-turnout election, Lee called his victory a rejection of former president Yoon Suk Yeol’s failed military rule attempt. He promised to prevent future coups, focus on cost-of-living issues, and negotiate urgently with the US to ease tariffs affecting key industries. While maintaining strong ties with the US and Japan, Lee plans a more conciliatory approach toward China and North Korea, aiming to heal political wounds and steer the country through economic and diplomatic challenges.