Seoul: Reports from South Korean news outlets indicate that Lee Jae-myung, the candidate from the liberal opposition, has secured the presidency.

Early Wednesday, various media channels, including SBS and other local news sources, confirmed Lee's electoral victory.

The leading conservative contender, Kim Moon Soo, has acknowledged his defeat.

This win marks the conclusion of a turbulent political period, which was notably influenced by the brief and surprising declaration of martial law by the recently ousted conservative president, Yoon Suk Yeol.

AP