In South Korea, opposition candidate Yoon Suk Yeol, a conservative former top prosecutor has been elected as country's new President. Yoon Suk Yeol defeated his ruling liberal party opponent Lee Jae-myung in one of the country's most closely fought presidential elections held yesterday.<br />''<br />''With more than 99 percent of the ballots counted, People Power Party candidate Yoon won 48.6 percent of the votes, narrowly edging his rival Lee Jae-myung of Democratic Party, who garnered 47.8 percent.<br />''<br />''In his victory speech at the party office, Yoon, said, he will respect their constitution and Parliament and work together with the opposition party to serve the people properly.<br />''<br />''Yoon will take office in May and serve a single five-year term as leader of the world's 10th largest economy.<br />''<br />''Earlier, Lee, a former governor of Gyeonggi province, conceded his defeat during a news conference at his party headquarters.<br />''<br />''The election boiled down to a two-way showdown between Yoon from the opposition People Power Party and Lee from the governing Democratic Party.<br />''<br />''The election comes as South Korea has been grappling with an omicron-driven COVID-19 surge.   <br />''<br />''<br />