He takes office immediately without a transition period, as the snap election was held on Tuesday to replace former President Yoon Suk Yeol, who was ousted over a failed bid to impose martial law.

Lee Jae-myung of the Democratic Party takes office Wednesday. His first task: Dealing with the economic fallout of President Donald Trump’s tariffs.

The martial law decree and the six months of ensuing turmoil, which saw three different acting presidents and multiple criminal insurrection trials for Yoon and several top offici