Published by Global Banking & Finance Review®
Posted on May 3, 2025
3 min readLast updated: January 24, 2026
Add as preferred source on GoogleKim Moon-soo is the conservative candidate for South Korea's presidency, facing liberal Lee Jae-myung. The election follows Yoon Suk Yeol's removal.
By Jack Kim
SEOUL (Reuters) - South Korea's conservative People Power Party on Saturday picked former labour minister Kim Moon-soo as its candidate for the June 3 presidential election, which was called after the removal of Yoon Suk Yeol over his failed attempt to impose martial law.
Kim will face liberal Democratic Party candidate Lee Jae-myung, who has led each of the declared conservative candidates by large double-digit margins in polls.
Kim, 73, who was a labour activist in his university days but later turned hardline conservative, served as labour minister under Yoon and has pledged to implement business-friendly policies if elected.
He laid out a sweeping conservative vision for the country in his acceptance speech, vowing to take a hard line against North Korea and implement incentives for businesses and for innovation and science.
He also pledged to strengthen policies to support young workers and the underprivileged, recounting his experience as a labour and democracy activist while in university for which he was jailed and expelled from school.
"I have never abandoned the weakest among us in the lowest of places," he said.
But he added the party must prove that it was starting over to win voters, apparently conscious of the public backlash from Yoon's martial law attempt.
The conservative party trails the liberals in public support although it has narrowed the gap since the initial weeks after the martial law declaration in early December. Kim remains one of the few in the party who say Yoon's removal was not warranted.
Lee, the liberal candidate, remains a clear frontrunner, with nearly 50% of public support according to a survey by the pollster Realmeter released on Monday, while Kim had 13% support.
But the race was rocked this week by a court ruling that cast doubt on Lee's eligibility to run for the presidency, overturning a lower court acquittal that cleared him of election law from a previous race. The Supreme Court sent the case back to an appeals court and it was not clear when a new ruling will come.
On Friday, Yoon's former prime minister, Han Duck-soo, announced his entry into the presidential race, hoping to leverage his higher profile. Han, while not a member of the conservative party, has been mentioned as a potential partner of the party to join forces against the liberals in the race.
The election was triggered by the removal of Yoon from the presidency in April by the Constitutional Court, which ruled he committed a grave violation of his duties by declaring martial law on December 3 with no justifiable grounds.
(Reporting by Jack Kim; Editing by Edmund Klamann, Stephen Coates and Kim Coghill)
The main topic is the selection of Kim Moon-soo as the conservative candidate for South Korea's presidential election.
Kim Moon-soo is a former labor minister and the conservative candidate for South Korea's upcoming presidential election.
Yoon Suk Yeol was removed from the presidency due to a failed attempt to impose martial law, deemed a grave violation of his duties.
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