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Lee Jae Myung

Lee Jae Myung

President of South Korea

Appears in 5 stories

Born: December 8, 1963 (age 62 years), Yean-myeon, Andong-si, South Korea
Spouse: Kim Hea Kyung (m. 1991)
Party: Democratic Party
Children: Lee Dong-ho and Lee Yoon-ho
Previous offices: Member of the National Assembly of the Republic of Korea (2022–2025), Governor of Gyeonggi Province (2018–2021), Gobernador de la provincia de Gyeonggi (2018–2021), and more

Stories

AI memory chip boom reshapes South Korea's stock market

Money Moves

President of South Korea - Advancing corporate governance reforms and stock market development agenda

South Korea's benchmark KOSPI stock index crossed 6,000 points for the first time on February 25, 2026, completing its climb from 5,000 to 6,000 in just 34 trading days—the fastest thousand-point advance in the index's history. The index has gained 43% since January and 76% in 2025, making Seoul's market the best-performing major bourse in the world. Two companies explain most of the move: Samsung Electronics and SK Hynix, which together account for roughly 40% of the KOSPI's market capitalization and produce approximately 80% of the world's high-bandwidth memory (HBM) chips—the specialized components that artificial intelligence data centers cannot run without.

Updated 3 days ago

South Korea's former president faces death penalty for self-coup

Rule Changes

President of South Korea (since June 2025) - In office

South Korea has not executed anyone in 28 years. Yet on January 13, 2026, prosecutors asked a Seoul court to sentence former President Yoon Suk Yeol to death. Three days later, a different court convicted him on obstruction of justice charges, handing down a five-year prison sentence—the first of eight criminal verdicts stemming from his six-hour martial law declaration on December 3, 2024. Yoon is the first South Korean president to face execution since military strongman Chun Doo-hwan in 1996, and the first to be criminally sentenced while the country's democratic institutions remain intact.

Updated Jan 20

Seoul's 75-year quest to command its own military

Force in Play

President of South Korea - In office since June 2025, term ends 2030

South Korea handed control of its military to the United States during the Korean War's desperate opening weeks in 1950. Seventy-five years later, Seoul is finally on the verge of getting it back. The new permanent Combined Ground Component Command—activated in January 2026—marks the fourth of six command structures now operating year-round, putting a Korean general at the helm of ground forces for the first time.

Updated Jan 14

North Korea's opening salvo: missiles, summits, and power plays

Force in Play

President of South Korea - Conducting four-day state visit to China with 200+ business leaders; summit with Xi scheduled January 6

North Korea fired multiple ballistic missiles on January 4, 2026, hours before South Korean President Lee Jae Myung departed for Beijing to meet Xi Jinping. The missiles—traveling 900-950 kilometers at 50-kilometer altitudes—were Pyongyang's first weapons test of 2026 and a clear signal to both Seoul and its Chinese patron: don't make deals without us. Just hours before the launch, Kim Jong Un visited a tactical weapons factory and ordered production capacity expanded by 250 percent to meet 2026's "anticipated requirements."

Updated Jan 4

South Korea fires its top cop for backing Yoon’s martial-law bid

Rule Changes

President of South Korea - In office after June 2025 snap election triggered by Yoon’s removal

South Korea just made the quiet part of the 2024 martial-law crisis unmistakably loud: the country’s top police officer is out for good. On December 18, 2025, the Constitutional Court removed National Police Agency chief Cho Ji-ho, ruling he helped former President Yoon Suk Yeol’s power grab by using police to block lawmakers from reaching the National Assembly floor.

Updated Dec 18, 2025