S Korea elects its 1st woman president


Park Geun-hye, the daughter of South Korea's longest-ruling dictator, was elected president on Wednesday, the first woman to win the post.

With nearly 96 percent of the votes counted, according to the National Election Commission, Park had won 51.64 percent of the vote compared with 47.93 percent for Moon Jae-in, a former human rights lawyer who was once imprisoned for opposing her father's authoritarian rule.

With her lead seen as insurmountable, Moon conceded defeat.

"This is the victory of the people," Park told her cheering supporters, who gathered in freezing weather in downtown Seoul. "This is a victory for the people's wish to overcome crises and revive the economy."

The result will not be officially confirmed until Thursday.

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