**President Lee Jae-myung, who assumed office on June 4, 2025, following the impeachment and removal of his predecessor, maintains a firm hold on the presidency into August 2026.** His Democratic Party holds a National Assembly supermajority and performed strongly in the June 2026 local elections, winning most metropolitan and gubernatorial races despite losing Seoul’s mayoralty. Approval ratings remained in the low-to-mid 60 percent range for much of his first year before a modest dip below 50 percent amid local-election fallout and ballot issues. Lee has prioritized pragmatic governance, economic initiatives, defense spending increases, and diplomatic outreach—including recent calls for formal peace talks with North Korea—while advancing constitutional reform proposals that would not extend his own single five-year term ending in 2030. No active impeachment proceedings, resignation signals, or legal barriers to completing 2026 have emerged, supporting trader consensus on continuity.