Feb 8 β€’ 23:48 UTC πŸ‡°πŸ‡· Korea Hankyoreh (KR)

President Lee's Approval Rating at 55.8%..."Effects of Real Estate Regulation on Multiple Homeowners" [Realmeter]

President Lee Jae-myung's approval rating rose to 55.8%, attributed to effective regulation of real estate speculation and economic recovery measures.

President Lee Jae-myung's approval rating has seen a notable increase, reaching 55.8% as reported by Realmeter based on a survey conducted among 2,507 voters aged 18 and over from February 2 to 6. The results illustrate that Lee's positive evaluation has increased by 1.3 percentage points from the previous week, while negative evaluations decreased by 1.6 percentage points. This has widened the gap between positive and negative assessments from 13.8% to 16.7%. The rise in approval ratings is linked to successful policies regarding real estate regulation aimed at curbing speculation and managing living costs, alongside initiatives intended to stimulate the economy.

Regionally, the approval rating surged the most in Gwangju and Jeolla, jumping from 73.0% to 87.5%, marking a 14.5 percentage point increase. Other regions also reported slight improvements, with Daegu and Gyeongbuk at 40.4%, and Seoul at 53.4%. However, Daejeon and Sejong saw a decline to 49.4%, marking a 5.9 percentage point decrease. Additionally, the approval rating for the ruling Democratic Party also climbed by 3.7 percentage points to 47.6%, while the main opposition, the People Power Party, fell by 2.1 percentage points to 34.9%.

Realmeter analysts suggest that the Democratic Party's stability is bolstered by President Lee's efforts in real estate, inflation control, and scientific technology policies. This has strengthened support among their core demographic, particularly in regions like Gwangju and Incheon-Gyeonggi. Contrarily, the People Power Party faces challenges, with ongoing controversies surrounding leadership retention and factional disputes contributing to their decline in support. This shift indicates a significant political landscape change in South Korea, highlighting voters’ responses to current government policies and economic strategies.

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