Dictator's daughter wins South Korea presidency

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South Koreans wait in line to cast their votes in a presidential election at a polling station in Seoul, South Korea, Wednesday, Dec. 19, 2012. Huge crowds turned out Wednesday to vote in the tight presidential race pitting the son of North Korean refugees against the conservative daughter of a late dictator. (AP Photo/Yonhap, Kim Ju-sung) KOREA OUT

SEOUL, South Korea (AP) — Conservative Park Geun-hye (Bahk Guhn-hae) has become South Korea's first female president.

The liberal Moon Jae-in (Moon Jay-in) conceded late Wednesday to the daughter of late dictator Park Chung-hee after a close race.

Her victory came despite analysts' speculation that high voter turnout could favor Moon. Moon is the son of North Korean refugees and a former human rights lawyer.

Park says she's open to dialogue with North Korea but calls on Pyongyang to show progress in nuclear dismantlement.

The five-term lawmaker drew support from a conservative base of older voters with fond memories of South Korea's rise from poverty during her father's 18-year rule.

She'll replace conservative President Lee Myung-bak (Lee Myuhng bahk) in February.