SEOUL—A conservative former top prosecutor was elected South Korea’s new president in one of the closest fought races in recent history, which will shape Asia’s fourth-largest economy for the next five years.
Yoon Suk-yeol, 60, from the main opposition People Power Party, edged out the ruling Democratic Party’s Lee Jae-myung with 48.6 percent of the vote to 47.8 percent, with around 99.3 percent of the ballots counted as of 5 a.m. on Thursday.
Yoon said he would honor the constitution and parliament and work with opposition parties to heal polarized politics and foster unity, calling the election a “victory of the great people.”…