Young people in South Korea face a tough job market. The unemployment rate among people 15 to 29 rose to a four-year high of 6.8 percent in the first quarter of this year.

Yoon Suk-yeol, of the conservative People Power Party, won the tight presidential election in South Korea. He will replace President Moon Jae-in, a progressive leader whose term ends in May.

Lawmakers of the People Power Party watch television coverage of the exit polls for the presidential election at the National Assembly in Seoul, South Korea, Tuesday, June 3, 2025.

Kim Moon-soo, the presidential candidate for South Korea's conservative People Power Party, bows in prostration during his final campaign event ahead of the June 3, 2025 election© Pedro Pardo ...

South Korea’s ruling People Power Party floor leader Kweon Seong-dong sits during the impeachment vote of a plenary session for South Korean acting President and Prime Minister Han Duck-soo at ...