President Lee Jae-myung, elected in the June 2025 snap vote following Yoon Suk-yeol’s removal, holds office under South Korea’s five-year single term with no constitutional bar to completion in 2030. His Democratic Party maintains a National Assembly supermajority that consolidates legislative control, while recent local election gains further reinforced party alignment. Although approval ratings have declined to 43% amid housing and tax policy disputes, no active impeachment motions, resignation pressures, or broad cross-party consensus have materialized. Ongoing diplomatic initiatives, including North Korea engagement and defense autonomy discussions, reflect continued executive activity without triggering removal mechanisms. Traders therefore price the 2026 removal risk low, consistent with the high structural thresholds for presidential ouster absent major rupture.