Aug. 22, 2012, midnight
PARK Geun-hye has been nominated as the Presidential candidate for the ruling Saenuri Party, winning 84 percent of the votes. Current President LEE Myung-bak is required to step down after his five-year term. PARK is the first female to be nominated as a presidential candidate by one of the main South Korean political parties. The Democratic United Party will pick their candidate for the December 19 election this week.