AsianFin -- Lee Jae-myung of South Korea's majority liberal Democratic Party was elected president, the ongoing vote count by the National Election Commission showed on Wednesday.
With 94.4 percent of the votes counted after midnight, Lee won 48.8 percent and his major rival Kim Moon-soo of the conservative People Power Party took 42.0 percent, the National Election Commission data showed.
Even if all the remaining uncounted votes go to Kim, Lee will win the presidential by-election, confirming his victory.
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