As of 4: 30am local time on March 10, 2022, the counting of votes in the 20th presidential election in South Korea has been completed by 98.94%. Yin Xiyue, the largest candidate of the opposition National Power Party, won the 20th presidential election and was elected as the next president of South Korea with 48.6% of the votes, 0.8 percentage points higher than that of the ruling party and the Democratic Party candidate Li Zaiming.
On March 20, 2022, South Korean President-elect Yin Xiyue announced that he would move his office to the Ministry of National Defense. Yin Xiyue also promised to open Cheongwadae to the outside world on her first day in office.
On March 28th, 2022, local time in Seoul, South Korea, South Korean President Moon Jae in and President-elect Yin Xiyue formally met and had dinner in Cheongwadae. This will be the first meeting between Moon Jae in and Yin Xiyue after 2 1 month.
economic aspect
In view of Li Zaiming's proposition of levying land ownership tax, Yin Xiyue advocated "re-discussing the comprehensive real estate tax in an all-round way". His plan is to relax the comprehensive real estate tax on a set of residential owners first, and in the medium and long term, simply exempt a set of residential owners from the comprehensive real estate tax, or incorporate it into the property tax.
Regarding the employment and life of young people, he said that low-income young people will be subsidized by the Youth Medical Security Fund for up to eight months. The government is also considering the implementation of a "youth take-off account" with an annual state subsidy limit, and will provide 300,000 young people with original housing.
He also said that "the policy of denuclearization will be abolished and the country with the strongest nuclear power will be built".