Persistent internal divisions within South Korea’s People Power Party have pushed trader assessments of Jang Dong-hyeok’s removal as leader by June 30 to a 63.5 percent implied probability. Mounting criticism from candidates and factions ahead of the June 3 local elections, including explicit resignation demands from figures such as Busan mayoral hopeful Joo Gwang-deok, reflects the party’s low approval ratings and factional tensions. Jang has rejected early departure, stating he will accept voter judgment after the contests, yet analysts anticipate a swift post-election no-confidence vote or leadership challenge. Recent comments from lawmakers on risks tied to the party’s nomination rules further underscore the narrow window for any transition before the end of June.