President Lee Jae-myung's Approval Rating Hits Record Low of 51%

South Korean President Lee Jae-myung's approval rating has dipped to 51%, its lowest point since he assumed office, according to a recent poll. Concurrently, disapproval ratings have climbed to 41%, marking the first time negative sentiment has breached the 40% threshold.

The survey, conducted by Korea Gallup from June 23-25 among 1,000 eligible voters nationwide, revealed a 6-percentage-point drop in approval from the previous two-week period. The increase in disapproval also stood at 6 percentage points.

When asked about the reasons for dissatisfaction with the president's performance, respondents most frequently cited "economy/livelihood/high exchange rate" (15%). "Real estate policy" (10%) and "election irregularities/National Election Commission issues" (10%) followed as significant concerns. Korea Gallup noted that economic and real estate issues have re-emerged as top concerns this week.

In terms of party support, the Democratic Party maintained 41%, while the People Power Party saw a 2-percentage-point decline to 27%. The Reform Party garnered 4%, and the Cho Kuk Innovation Party received 2%. The Democratic Party is preparing for its national convention on August 17, with Prime Minister Kim Min-seok leading preferred candidates for party leader at 26%, followed by former leader Chung Jin-sang at 19% and lawmaker Song Young-gil at 13%.

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This week, economic and real estate issues have once again taken center stage.