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South Korea election

Yoon Suk-yeol clinches tight South Korean presidential election

Ruling party's Lee concedes in one of the closest votes in country's history

Yoon Suk-yeol holds bouquets as he is congratulated by party’s members and lawmakers at the National Assembly in Seoul on March 10.

SEOUL -- Conservative opposition candidate Yoon Suk-yeol of the People Power Party early Thursday clinched South Korea's presidential election after Lee Jae-myung of the governing progressive Democratic Party conceded defeat with nearly all ballots counted.

With 100% of votes tallied, results showed Yoon with 48.56% and Lee at 47.83%. Voter turnout was high at 77.1%, marginally lower than the last election in 2017 when it reached 77.2%.

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