Emperor Penguin Li has declared for the premiership of Marie Byrd Land

[Okay, maybe Mike Johnson is a competent parliamentarian.]

I heard the electoral system is First-Penguin-The-Post. Is that true?

Incorrect; it's normally rendered in English as First-Past-The-Penguin.

Which is something of a misnomer, really; it should be Furthest-Past-the-Penguin, since there's no hard number or percentage that a candidate needs to hit to win.