Ex-Hyundai boss is elected South Koren president

SOUTH Korea’s presidential election was won by runaway favourite Lee Myung-bak by a landslide yesterday.

The former Hyundai chief executive received 50.3% of the vote. His nearest rival, liberal Chung Dong-young, had 26%.

Conservative Mr Lee, a former Seoul mayor who was 66 on election day, ends a decade of liberal rule in the South with his victory.