Seoul, April 9 (V7N) - South Korea has officially set June 3 as the date for a snap presidential election following the removal of President Yoon Suk Yeol last week. This follows Yoon’s impeachment over his controversial declaration of martial law in December, which led to a crisis in the country.

The power vacuum has affected South Korea’s ability to negotiate with the U.S. at a time when U.S. tariffs are increasing and the economy is slowing. Acting President Han Duck-soo confirmed the election date, allowing political parties time to prepare.

Kim Moon-soo, South Korea’s labor minister, has resigned and announced his candidacy for the presidency. Kim, who is not officially part of Yoon’s People Power Party, is seen as a strong contender in the race.

Ahn Cheol-soo, another conservative lawmaker who voted for Yoon’s impeachment, also declared his intention to run. Ahn emphasized his commitment to economic growth, particularly in the field of artificial intelligence, to counter U.S. trade policies.

Lee Jae-myung, the leader of the liberal Democratic Party, is the current front-runner. However, he faces legal challenges including charges related to election law violations and bribery.

The election follows months of political instability, including Yoon’s controversial martial law decision and his impeachment. Yoon still faces criminal charges, with his trial set to begin on April 14.

South Korea must hold a new presidential election within 60 days of the president’s removal. Han Duck-soo will continue serving as acting president until the election results are finalized.

END/WD/SMA/