Lee Jae-myung resigns as DP leader to pursue presidential bid

Lee Jae-myung, the leader of South Korea's Democratic Party, announced his resignation as party leader in anticipation of declaring his candidacy for the upcoming presidential election on June 3. His decision comes after the impeachment of former President Yoon Suk Yeol, which has sparked a significant political shift in the country. Lee, who narrowly lost the 2022 presidential election and is currently viewed as a front-runner, is expected to officially announce his presidential bid soon. Concurrently, Kim Moon-soo, the labor minister and a member of the ruling People Power Party, has also declared his candidacy. Despite Lee's popularity in early polls, he faces challenges due to ongoing legal issues related to corruption allegations. The election will be critical in determining the future direction of South Korea amidst ongoing political turmoil.