South Korea’s main liberal opposition party has tapped its former leader Lee Jae-myung as presidential candidate in the June 3 vote.

South Korea's Democratic Party presidential candidate Lee Jae-myung pledged in a Facebook post on Monday to bring in a production tax credit of up to 10% for semiconductors manufactured and sold domestically,

After setting a record for the share of votes received during the party’s primary elections, Lee aims to win the presidential election scheduled on June 3.