U.S. President Donald Trump and South Korea's new president Lee Jae-myung agreed to work toward a swift tariff deal and shared stories about their experiences in their first phone call since Lee was elected,

Just hours after winning the South Korean presidency, Lee Jae-myung has pledged to "unite the people" in his inauguration speech on Wednesday. The 61-year-old won a snap election by 49.4% - a clear rejection of his rival, Kim Moon-soo, who came from the same party as impeached president Yoon Suk Yeol.

(Reuters) -South Korea has elected liberal Lee Jae-myung as president to lead the country through a tumultuous period that will require negotiating trade tariffs with the U.S. and mending the scars from his ousted predecessor's shock martial law declaration.