Facing a complex set of thorny challenges at home and abroad, Lee Jae-myung says he will deal with them with “pragmatism.”

The new president, who will take office immediately, faces a number of pressing challenges including repairing domestic divisions, navigating US trade tensions and confronting North Korea’s growing nuclear threat.

Exit polls show that Lee Jae-myung of the Democratic Party is on track for victory. His first task: Dealing with the economic fallout of Trump’s tariffs.