South Korea's political landscape has stabilized significantly under President Lee Jae-myung since his 2025 snap election victory, with traders assigning a 93% probability that he will remain in office through 2026. The February 2026 conviction of predecessor Yoon Suk-yeol for insurrection has reinforced the legitimacy of Lee's ascension and reduced opposition challenges. His Democratic Party maintains parliamentary control, and analysts anticipate strong results in the June 2026 local elections that could further consolidate power. Constitutional reform proposals for future two-term limits have advanced without affecting Lee's single five-year term ending in 2030. No major impeachment proceedings or legal barriers have emerged to date, aligning with historical patterns where South Korean presidents typically complete their terms absent extraordinary crises.