President Lee Jae-myung, elected in June 2025 following the prior incumbent’s removal, serves a single five-year term under South Korea’s constitution, which bars consecutive reelection and limits any term-extension amendment from applying to the sitting president. In a September 18, 2026 press conference, Lee explicitly stated he has “absolutely no intention” of pursuing reelection or constitutional changes to enable a second term, addressing speculation that had contributed to his approval rating falling into the mid-30s. Earlier petitions for impeachment gained signatures but lack the two-thirds National Assembly support needed to advance, given the Democratic Party’s majority. These structural and political factors underpin trader consensus that Lee will complete his term through 2026.