There is celebration in Seoul among the supporters of South Korea’s new leader. Right-wing businessman Lee Myung-bak has won the country’s presidential ballot by a landslide. He based his campaign on promises to improve living standards and stand up to North Korea.

There was about 25 percentage points between Lee and his closest challenger. The wide margin of victory is said to be the biggest since South Korea’s first president took power 50 years ago.

There was relief among Lee’s camp, who had been worried that a fresh inquiry into fraud allegations against him could affect his chances.

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