Lee Jae-myung, a liberal who wants greater economic parity in South Korea and warmer ties with North Korea, became the main opposition party's presidential candidate Sunday, solidifying his position as front-runner to succeed recently ousted conservative President Yoon Suk Yeol.

Lee Jae-myung, a former leader of South Korea's Democratic Party, has been chosen as the party's presidential candidate for the upcoming snap election. He is seen as a frontrunner to win following the impeachment and ousting of President Yoon Suk Yeol,

South Korea's Democratic Party presidential candidate Lee Jae-myung pledged in a Facebook post on Monday to bring in a production tax credit of up to 10% for semiconductors manufactured and sold domestically,