The presidential election will be held on June 3, after the impeachment of former president Yoon Suk Yeol for his December martial law declaration was upheld on April 4.
Lee vowed to drive large-scale investments at the government level in technology and talent development to resuscitate economic growth.
“Realistically speaking, the South Korea-U.S. alliance is important, and South Korea, U.S., Japan cooperation is important. Within that, the consistent principle is that the national interest of the Republic of Korea is the top priority,“ Lee said.
Lee, 61, lost by the slimmest margin in the country's history when he ran against Yoon in the 2022 presidential election.
On Wednesday, Lee stepped down as leader of the main opposition party, preparing to switch gears to focus on his election campaign.
The conservatives have a wide-open presidential field. The ruling People Power Party (PPP) plans to confirm its candidate through a primary in May.
More hopefuls are expected to join, but so far apart from Lee the field has polled single-digit public support in surveys.
Meanwhile, Lee still faces legal uncertainties that could affect his candidacy.
It was unclear if any of the ongoing court cases would present a roadblock to Lee's presidential bid.
In January 2024, Lee survived a knife attack and underwent surgery when he was stabbed in the neck by a man during an event.
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