Chong Won-o, Seoul mayoral candidate for the ruling Democratic Party of Korea (DPK) and his wife Moon Hye-jung hold hands as they wave to supporters at Cheonggye Plaza, Seoul, Tuesday. Chong was elected as Seoul mayor in the June 3 local elections. The DPK is set for a victory in the key mayoral races in Seoul and Busan, exit polls show, which would provide a political boost to the Lee Jae Myung administration. Yonhap

The ruling Democratic Party of Korea (DPK) is set for a victory in the key mayoral races of Seoul and Busan in the June 3 local elections, exit polls show, which would give a political boost to the Lee Jae Myung administration. The DPK conceded defeat in Daegu, yielding the mayoralty of the traditional conservative stronghold to the candidate of the main opposition People Power Party (PPP), though the tight margin means the final outcome could still shift the final outcome.

For the Seoul mayoral race, Chong Won-o, a three-term Seongdong District head and DPK candidate, led the exit poll and is largely expected to be elected to lead the capital city with 51.4 percent of the vote, while incumbent Seoul Mayor Oh Se-hoon, who was seeking reelection with PPP, is predicted to gain approximately 46 percent of the vote. Meanwhile, JTBC's forecast placed Chong further ahead at 53.5 percent to Oh's 42.9 percent.