South Korean conservative declares win in presidential race


A conservative former prosecutor has declared victory in South Korea’s presidential election after his liberal ruling party rival conceded defeat after a bitter battle in the politically divided nation.


Mr Yeol thanked his supporters outside his home in capital Seoul after what he described as a “long night”.


Mr Yeol will take office in May and serve a single five-year term as leader of the world’s 10th-largest economy, which is now grappling with stark income inequalities and soaring personal debt and facing growing threats from nuclear-armed North Korea.