Lee Jae-myung, who assumed South Korea’s presidency in June 2025 after a snap election triggered by Yoon Suk-yeol’s impeachment, maintains approval ratings near 60 percent amid steady policy execution and diplomatic engagement with China, Japan, and the United States. His five-year term extends to 2030, and removal before the end of 2026 would require impeachment by the National Assembly or resignation—steps with high procedural thresholds and limited current momentum. Recent state visits and military reform announcements have reinforced perceptions of institutional stability, while June 2026 local elections test party strength without directly affecting the presidential mandate. Traders therefore price the risk of an early exit at roughly 7 percent, viewing sustained public support and absence of major scandals as the dominant factors anchoring the current consensus.