Exit polls show that Lee Jae-myung of the Democratic Party is on track for victory. His first task: Dealing with the economic fallout of Trump’s tariffs.

Liberal candidate Lee Jae-myung is forecast to win South Korea's snap presidential election, a joint exit poll on Tuesday showed, two months after his archrival and then conservative President Yoon Suk Yeol was removed from office over his short-lived imposition of martial law.

Liberal candidate Lee Jae-myung is poised to win South Korea’s snap election, according to surveys. His victory could shift Seoul’s foreign policy away from the US-Japan axis towards closer ties with China.