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- After Yoon’s Fall, Lee Jae-myung Rises to South Korea’s Presidency
After Yoon’s Fall, Lee Jae-myung Rises to South Korea’s Presidency
With over 51% of the vote, Lee Jae-myung set to take office immediately, vowing swift Cabinet appointments and national recovery.

Good Morning: Happy Wednesday | I hope you’re on vacation and enjoying it!
Markets

Data is provided by investing.com 12:00 June 4, 2025
Market: Optimism is rising in the Korean stock market after the presidential election, with analysts expecting a "honeymoon rally" driven by reduced political uncertainty and potential economic stimulus. Historically, post-election periods have seen strong market performance, with the KOSPI often gaining in the months following elections. Key sectors to watch include food & beverage, financials, and brokerage firms, expected to benefit from improved consumer confidence and policy support. Projections place the KOSPI between 2,350 and 3,050 in the year's second half, though global economic uncertainties remain a factor. (link)
National
After Yoon’s Fall, Lee Jae-myung Rises to South Korea’s Presidency
South Korea’s southeastern North Gyeongsang province is ablaze, and it’s officially Lee Jae-myung of the Democratic Party is projected to win South Korea’s presidential election with 51.7% of the vote, defeating conservative Kim Moon-soo. The snap election followed former President Yoon Suk Yeol’s impeachment after declaring martial law. High voter turnout and public dissatisfaction with Yoon’s actions helped fuel Lee’s lead. He is expected to take office immediately, with the inauguration likely at the National Assembly and Cabinet appointments to follow swiftly. (link)
Business
Cartier Confirms Customer Data Breach Amid Ongoing Luxury Brand Cybersecurity Concerns.
Cartier confirmed a data breach exposing customer names, emails, birthdates, and countries of residence. Financial data was not compromised. The incident follows similar breaches at Dior and Tiffany, prompting an investigation by Korea’s privacy commission into delayed reporting and weak SaaS security systems. (link)
Travel Guide Korea
Looking for Itawon? You should know this in 2025!
Itaewon, once known as Seoul’s global village, is now a vibrant cultural hub mixing global and Korean influences. From food and shopping to nightlife and culture, it offers something for every traveler. [link]
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