South Korea: Moon declares win in presidential election

Source: Bloomberg

“Moon Jae-in declared victory in South Korea’s leadership race, pledging to unify the nation after nine years of conservative rule that culminated in the country’s biggest street protests since the 1980s. With 90 percent of ballots counted in Tuesday’s presidential election, Moon received 40.4 percent of votes, leading conservative Hong Joon-pyo, who had 25 percent. Centrist Ahn Cheol-soo was third with 21.5 percent. The winner needs a plurality of votes.” (05/09/17)