Lee Nak-yeon Officially Announces Presidential Candidacy

Lee Nak-yeon, the former Prime Minister of South Korea, has officially announced his intention to run in the upcoming presidential election scheduled for June 3, 2025. As a senior advisor to the New Future Democratic Party (새미래민주당), he has begun practical preparations for candidate registration, which is due by May 11, 2025. This announcement marks a significant step for Lee, who previously served as the Prime Minister and is now gearing up to challenge the current political landscape.

On April 28, 2025, during a Supreme Council meeting, Jeon Byung-heon, the representative of the New Future Democratic Party, emphasized the party's commitment to supporting Lee's candidacy. He stated, "We will thoroughly prepare for the registration of Lee Nak-yeon, who possesses qualities, future vision, crisis management skills, and experience." This transition to a presidential election committee system is a strategic move for the party as it seeks to position itself as a serious contender in the forthcoming election.

Lee Nak-yeon’s entry into the race comes on the heels of Lee Jae-myung, the Democratic Party's presidential candidate, being confirmed with a staggering 89.77% of the vote in the party's primary on April 27, 2025. This overwhelming support for Lee Jae-myung has raised questions about the competitive dynamics of the upcoming election, particularly regarding how Lee Nak-yeon will position himself against such strong backing.

In a recent phone interview with Yonhap News, Lee Nak-yeon articulated his intentions, saying, "I have instructed my team to prepare for candidate registration, which is naturally a step taken with the presidential run in mind." He also expressed his willingness to collaborate with others who share similar visions of overcoming crises, political reform, and social integration, highlighting the need for cooperation in the current political climate.

Lee Nak-yeon attended the 'National Convention for a United Korea' on April 17, 2025, where he reiterated his commitment to working with anyone who shares common goals. He stated, "If there are those who agree on the principles of overcoming crisis, political reform, and social integration, I am open to cooperation, but I will not just partner with anyone out of loneliness." This sentiment reflects his strategic approach to building alliances as he prepares for the election.

As speculation grows around potential alliances, particularly with Han Deok-soo, the acting Prime Minister who is also expected to announce his candidacy soon, Lee Nak-yeon's position becomes increasingly pivotal. When questioned about the possibility of unification with Han Deok-soo, Lee Nak-yeon clarified, "I will consider collaboration only if there is a shared vision regarding the three principles of crisis recovery, political reform, and social integration." This cautious approach indicates his desire to maintain a principled stance as he navigates the political landscape.

Jeon Byung-heon, in his remarks at the Supreme Council meeting, criticized the Democratic Party, referring to it as a "fake Democratic Party" and expressing a desire to rebuild a more authentic and dignified version of the party. He stated, "We will build a healthy and dignified true Democratic Party centered around Lee Nak-yeon," indicating a clear ideological divide between the New Future Democratic Party and its rivals.

Lee Nak-yeon’s candidacy is seen as a response to the current political climate, characterized by a growing discontent among voters regarding the Democratic Party's direction. His previous experience as Prime Minister, coupled with his recent criticisms of Lee Jae-myung's overwhelming support, positions him as a viable alternative for voters seeking change.

In his recent public appearances, Lee Nak-yeon has emphasized the importance of addressing the underlying issues facing the country, including political division and social unrest. He has made it clear that his campaign will focus on uniting the electorate and fostering a sense of collective purpose among citizens. As he prepares for the upcoming election, Lee Nak-yeon is acutely aware of the challenges ahead, particularly in appealing to a diverse voter base that is increasingly critical of traditional party politics.

As the election date approaches, the New Future Democratic Party is ramping up its efforts to establish a solid campaign platform that resonates with voters. The transition to a presidential election committee system reflects their commitment to a structured and focused campaign strategy, aimed at maximizing their chances in the competitive political landscape.

With the registration deadline for presidential candidates looming, Lee Nak-yeon's announcement is expected to galvanize support within his party and among voters who are looking for a credible alternative to the current administration. His ability to articulate a clear vision for the future, coupled with his experience, will be crucial as he seeks to secure his place in the upcoming election.

In conclusion, Lee Nak-yeon’s formal entry into the presidential race brings a new dynamic to the 2025 election. As he prepares for the challenges ahead, the political landscape will be closely watched by both supporters and critics alike. With a focus on crisis management, political reform, and social integration, Lee Nak-yeon aims to present himself as a candidate capable of leading South Korea toward a more unified and prosperous future.