SEOUL, June 04 (AJP) - People Power Party presidential candidate Kim Moon-soo acknowledged his projected defeat early Wednesday morning, offering congratulations to rival Lee Jae-myung and expressing gratitude to his supporters.
Speaking around 1:30 a.m. on Jun. 4 at party headquarters in Yeouido, Seoul, Kim appeared before reporters and campaign staff following a night of sobering exit poll results and early vote counts. His remarks came shortly after major broadcasters projected Lee Jae-myung of the Democratic Party as the winner of South Korea’s 21st presidential election.
According to the joint exit poll released at 8 p.m. on election day by KBS, MBC, and SBS, Lee held 51.7 percent of the vote, compared to Kim’s 39.3 percent. As of late Tuesday night, early ballot counts continued to show Lee in the lead.
Though the final results have not yet been officially confirmed by the National Election Commission, Kim’s brief speech signaled a formal concession.
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Below is the full text of Kim Moon-soo’s statement:
“To the people of the Republic of Korea, I humbly accept the will of the people. I congratulate candidate Lee Jae-myung on his election victory.
I will never forget the strong support I received from so many citizens throughout this campaign. I am especially grateful to my colleagues in Gangwon Province, whose dedication carried me forward.
No matter what crisis this country faces, the Republic of Korea has always advanced through the power of its people.
To those who gave their support to someone as lacking as myself, I offer my heartfelt thanks.
Jun. 4, 2025, Kim Moon-soo, presidential candidate of the People Power Party. Thank you.”
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