President Lee Jae-myung, who took office in June 2025 for South Korea’s single five-year term, continues to exercise executive authority through cabinet meetings, diplomatic engagements, and policy initiatives on alliances, North Korea tensions, and economic partnerships as of mid-October 2026. Recent polling shows his approval rating declining to the mid-30s amid domestic disputes over judicial appointments, housing costs, and border security incidents, with the opposition gaining ground in legislative audits. No verified proceedings have advanced toward successful impeachment, resignation, or constitutional removal, and Lee has publicly ruled out pursuing a second term. These factors underpin trader consensus that the president will complete his term without early exit in 2026.