South Korean President Lee Jae-myung, who assumed office in June 2025 following the prior administration’s removal, faces multiple pre-existing corruption and election-law cases that courts have indefinitely suspended for the duration of his term. These proceedings, tied to his earlier roles as mayor and governor, are structured to resume only after the presidency concludes in 2030, consistent with standard protections against arrest or detention of the sitting head of state. No new indictments, legislative overrides, or prosecutorial actions have surfaced through mid-2026 to alter this timeline. Traders price the “No” outcome at 91.5 percent, reflecting the absence of near-term catalysts capable of piercing term protections before the 2027 horizon.