South Korea's main conservative candidate has conceded defeat in the country's snap election and congratulated liberal rival Lee Jae-myung who is set to become president.

Kim Moon Soo, candidate of the People Power Party (PPP), said he "humbly accepts [the] people's choice" after projections showed Mr Lee was expected to win the election.

Projections showed that with 70% of ballots counted, Mr Lee had won 48.53% of the vote.

An exit poll from three of South Korea's broadcasters on Monday night also put the Democratic Party leader on 51.7% and Mr Kim on 39.3%

Speaking at a news conference, Mr Lee said he would seek to unite the country and find a way to coexist with North Korea through communication and dialogue.

It caps off a tumultuous six months for South Korea, with the country

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