Liberal opposition parties have retained their majority in the South Korean parliament with a landslide victory in Wednesday’s election.
With almost all the votes counted, the main Opposition Democratic Party (DPK) was projected to win more than 170 seats in the 300-member National Assembly, according to results declared by the National Election Commission.
The liberal alliance is set to win more than 190 seats, but is unlikely to reach a two-thirds majority, reports say.
DPK leader Lee Jae-myung said his party will lead the way in solving the country’s current economic crisis, and sought co-operation by President Yoon Suk Yeol’s People Power Party.
The result is a setback for Yoon, who’s presidential term ends in 2027.
People Power Party leader Han Dong-hoon and Prime Minister Han Duck-soo are reportedly stepping down in the wake of their party’s defeat in the election.
Copyright © 2024, RTTNews.com, Inc. All Rights Reserved.
