**President Lee Jae-myung, who took office in June 2025 for a single five-year term ending in 2030, faces low approval ratings around 35-37% and disapproval above 50%, with the main opposition People Power Party recently edging ahead of his Democratic Party in polls.** Recent parliamentary audits have spotlighted disputes over judicial independence involving the Supreme Court chief justice, a DMZ landmine incident, and rising housing costs in the Seoul area, contributing to the dip in support. Lee has repeatedly ruled out seeking reelection or benefiting personally from constitutional changes, stating explicitly that any reforms would not apply to him and affirming his term ends in 2030. No successful impeachment motions, resignation demands with broad backing, or other removal mechanisms have advanced against him. South Korea’s constitutional process for presidential removal—requiring National Assembly approval followed by Constitutional Court review—remains a high threshold, and current political dynamics show no near-term path to ouster despite partisan friction and policy challenges. Traders thus price the likelihood of him leaving office in 2026 as very low, viewing the situation as one of routine midterm political pressure rather than existential threat.