18 December 1992 1997 → 8,041,284 3,880,067 33.8% 16.3% | 9,977,332 8,041,284 42.0% 33.8% Start date December 18, 1992 | |
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Winner Kim Young‑sam | ||
The 14th South Korean presidential election took place on 18 December 1992. This was the second democratic election since 1987. The voter turnout was 81.9%.
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Background
On 22 January 1990, two opposition leaders Kim Young-Sam and Kim Jong-Pil led their parties to merge into the ruling party Democratic Justice Party, and formed the Democratic Liberal Party, led by President Roh Tae-woo. Before they merged, Roh's party did not have a majority in the National Assembly. After they merged, they had over a two-thirds majority, which could pass bills without any obstruction from the opposition.
In 1992, Hyundai businessman Chung Ju-yung also ran in the election.
Results
The right-wing conservative Democratic Liberal Party presidential candidate Kim Young-Sam won the presidential election, defeating opposition Democratic Party leader Kim Dae-Jung, marking the third time he had lost a presidential election. Kim later announced his retirement from politics.
The conservative party won the election continued to govern until 1997, when Kim Dae-Jung won the election.