Kim Jong Un's reappointment as president of state affairs during the March 2026 session of the Supreme People's Assembly, alongside constitutional revisions that further centralize authority in his hands, has reinforced trader expectations that he will retain supreme leadership through year-end. Recent public appearances at hospital inaugurations, military events, and policy addresses have shown no signs of incapacitation or internal challenge, while official denials of health concerns continue to circulate. Although South Korean intelligence has noted increased visibility for his daughter Kim Ju-ae as a potential long-term successor, this process remains preparatory and does not signal an abrupt transition within the resolution window. With no verified coups, resignations, or external pressures altering regime stability in the past several months, the market pricing reflects the low probability of removal before December 31, 2026.