**Lee Jae-myung assumed South Korea’s presidency on June 4, 2025, following a snap election triggered by the Constitutional Court’s removal of his predecessor.** His center-left Democratic Party holds a National Assembly supermajority and won decisive local elections in 2026, reinforcing institutional control. Approval ratings have remained near or above 50 percent for most of his term despite a mid-2026 dip after local voting and ballot-administration issues. No active impeachment proceedings, mass legislative opposition, or acute scandals have emerged that would threaten his position before year-end. Constitutional reform discussions focus on future term structures rather than altering the current five-year mandate, which runs to 2030. Traders therefore price a high likelihood that Lee completes 2026 in office, consistent with the absence of near-term removal catalysts.