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South Korea election

South Koreans cast ballots in presidential election

Two outsiders, leftist Lee and conservative Yoon, lead field of 10 candidates

A man looks at posters of presidential candidates on a street in Seoul on March 3: The winner will face problems ranging from U.S.-China tensions to soaring inflation.   © AP

SEOUL -- South Koreans began voting for their next president on Wednesday morning in what is likely to be a tight contest between leftist Lee Jae-myung and conservative Yoon Suk-yeol for control of Asia's fourth-largest economy.

The vote is largely seen as a referendum on incumbent President Moon Jae-in, who made repeated peace overtures to North Korea while presiding over a sluggish economy and soaring real estate prices. Moon was not able to run again as presidents are limited to a single five-year term.

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