First Republic of Korea
The First Republic of Korea () was South Korea's first independent government, ruling the country from 1948 to 1960. It succeeded USAMGIK, the United States military government, which ruled the area from 1945 to 1948. The Philippines recognized South Korea on 15 August 1948. The First Republic was established on August 15, 1948, with Syngman Rhee as the first president. Like subsequent governments, it claimed sovereignty over the entire Korean Peninsula, although it only had power over the area south of the 38th parallel. The investiture of the Rhee government followed the general election of May 10, 1948. The country's first constitution had been promulgated by the first National Assembly on July 17. It established a system with a strong president, who was elected indirectly by the National Assembly. The April Revolution in 1960 led to the resignation of Syngman Rhee and the transition to the Second Republic of South Korea.
2012 South Korean presidential election
Lee Myung-bak was elected President of South Korea in 2007 as the nominee of the conservative Grand National Party after a closely contested primary in which he narrowly defeated Park Geun-hye, and assumed office in February 2008. His victory brought to a close ten years of liberal administration under Kim Dae-jung and Roh Moo-hyun. The Lee Myung-bak government pursued the reduction of government bureaucracy and a laissez-faire economic policy, and came under criticism from the left for political scandals and controversial policies such as the Jeju-do Naval Base and its support of the South Korea-United States Free Trade Agreement, although both were initiated under the previous administration. Despite the fact that he was elected in a landslide victory and received initial approval ratings of 70%, Lee's ratings had declined to below 30% by 2012.