Mounting internal criticism within South Korea’s People Power Party, driven by factional divisions and low approval ratings ahead of the June 3 local elections, has shaped trader assessments that Jang Dong-hyeok faces a substantial risk of departure by June 30. Recent public calls for his resignation, including from Busan mayoral candidate Joo Gwang-deok in May and earlier pressure from figures like Gangwon Governor Kim Jin-tae, highlight ongoing party rifts. Jang has rejected early exit demands and focused on electoral unity and foreign policy outreach, such as his April Washington meetings, yet analysts note that post-election no-confidence votes or leadership challenges remain likely given the party’s reformist and hardline splits. These dynamics underpin the current 63.5 percent implied probability for an early leadership change.