South Korean President Lee Jae-myung has maintained a stable position since taking office in June 2025 following the impeachment and removal of Yoon Suk-yeol. His Democratic Party secured a strong performance in the June 2026 local elections, retaining most metropolitan and gubernatorial seats despite minor opposition gains in key races like Seoul. Approval ratings have remained in the 50-70% range for most of his term, supported by legislative majorities, pragmatic foreign policy moves on North Korea dialogue and wartime operational control transfer, and domestic initiatives including budget increases for defense, AI, and welfare. No active impeachment proceedings, resignation signals, or major scandals have emerged in 2026 to threaten his tenure. Traders price the low probability of removal by year-end as reflecting these institutional strengths and the absence of acute political catalysts.