S-Korea's former opposition leader announces presidential bid

Lee Jae-myung who is the former head of South Korea's largest opposition party has announced he is running for President on Thursday. South Korea is holding its presidential election on June 3. He stepped down as Democratic Party leader on Wednesday. 

He stressed he will focus on policies to improve lives and the economy. Lee added that the bilateral alliance with the United States is crucial for South Korea, as is trilateral cooperation with Japan and the US. But he said the consistent principle is that South Korea's national interests are the top priority. 

He said he will cooperate where necessary, and try to work out differences. Lee is expected to run for the Democratic Party.