President Lee Jae-myung, who took office on June 4, 2025, following the impeachment and removal of his predecessor, continues to serve a standard single five-year term scheduled to run through 2030. As of mid-August 2026, no formal impeachment proceedings, resignation signals, or successful legal challenges have emerged to shorten his tenure. Recent local elections in June strengthened his Democratic Party’s position in most regions, while his approval ratings, though dipping below 50 percent amid ballot administration issues, have not triggered broad calls for his removal. Lee’s public backing for constitutional changes to four-year renewable terms explicitly excludes any personal re-election bid, reinforcing continuity expectations. Traders price the low probability of an early exit on this institutional stability and absence of acute political catalysts in the current year.