Ahn Young-joon/via Reuters 04.06.2026

One year into his term, South Korean President Lee Jae Myung's ruling Democratic Party achieved a significant victory in nationwide local elections, bolstering his political standing, though the opposition secured Seoul's mayoralty. The election saw a 61% turnout, the highest in three decades, reflecting public engagement. Lee maintains strong approval ratings around 60%, comparable to past presidents, and has adopted a highly public, direct communication style via live streams and social media. This approach, while praised for citizen engagement, has also drawn criticism for its unfiltered nature. Economically, South Korea's KOSPI index has reached record highs, driven by the global tech boom, surpassing Lee's campaign targets. However, this prosperity has not broadly trickled down to ordinary households, and housing prices near Seoul are rising, challenging one of Lee's key campaign promises. In foreign policy, Lee has pursued a pragmatic approach balancing relations with the U.S. and China, holding summits with both leaders and repairing ties with Japan, though his visit to Beijing had mixed results. A major challenge arose with the Iran-U.S./Israeli coalition conflict, which Lee navigated by securing alternative energy supplies. Despite these successes, Lee faces legal scrutiny with ongoing corruption trials, and his party's push for a special counsel to potentially dismiss his charges has sparked public concern and may represent a significant vulnerability.















