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South Korean leader apologises for election defeat

South Korea’s President Yoon Suk Yeol “apologised” on Tuesday for the crushing defeat of his ruling People Power Party (PPP) in last week’s parliamentary elections, Asian media reported.

I, as the president, am at fault first.

Yoon apologised six days after the opposition bloc secured a convincing victory in a crucial parliamentary election, defeating the PPP, which managed to win only 108 seats in the 300-member National Assembly.

“I am sorry for failing to look properly into and uphold the will of the people.”

The President stated that the public opinion manifested in the general election “must be humbly accepted” by all.

Even though I set the right direction for state affairs and did my best to put it into practice, I believe I was lacking in creating change to the extent it could be felt by the people.

Despite his administration’s best efforts to curb inflation, improve financial conditions, increase housing supply and protect retail investors, none of those measures were sufficient to meet the fundamental needs of low-income citizens, he continued.

Yoon became the first president since South Korea’s democratisation to work with an opposition-controlled parliament for all five years of his term.

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