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He has promised to establish a "Real Republic of Korea" with jobs and a fair society.

"It has been a great honor to serve the Republic of Korea. I am deeply grateful to all of you who supported and encouraged me, despite my many shortcomings," he said.

Well-entrenched democracies—for example, most recently the Republic of Korea—have withstood pressures to undo democracy.

"The future of the Republic of Korea and our hope is in the hands of the people, our hope is strong," Woo, a member of the main opposition Democratic Party, added.

The Republic of Korea’s ascent as a global beacon of liberal democracy and capitalism has been built on its robust alliance with the United States.