President Lee Jae-myung, elected in the June 2025 special election following Yoon Suk-yeol’s impeachment and removal, holds a single five-year term extending through 2030. South Korea’s Democratic Party retains a strong National Assembly majority, limiting prospects for successful impeachment proceedings or forced early departure. Recent June 2026 local elections delivered gains for the ruling party in most metropolitan and provincial races, reinforcing institutional support despite isolated setbacks such as ballot shortages that contributed to a decline in Lee’s approval rating to the low 40s by mid-August. No active legislative moves, court actions, or credible opposition campaigns have emerged to alter the presidential timeline before 2030. Traders therefore price a high probability that Lee will remain in office through the end of 2026.