South Korea to hold election to replace impeached president

In less than two months, South Korea will hold a presidential election

Voters there will choose the successor to Yoon Suk-yeol on June 3rd

The announcement comes less than a week after the constitutional court removed Yoon from office

Once the court did that, by law, an election must be held within 60 days

The next president will serve a five-year term. Yoon's presidency took a major hit when he declared martial law in the country late last year

saying he needed to eradicate his political rivals. That move led to an impeachment effort against Yoon and troops in the streets of Seoul

Yoon's People Power Party will take on the Democratic Party nominee in the election

Observers say the Democratic Party candidate, Lee Jae-myung, is the favorite