President Lee's approval rating at 58.2%... Rising for four consecutive weeks due to stock market boom
President Lee Jae-myung's approval rating has continued to rise for four weeks, nearing the 60% mark.
Lee Jae-myung's public approval rating has seen a steady increase over the past four weeks, reaching 58.2% according to a recent poll conducted by Realmeter. This survey, which included responses from 1,000 eligible voters aged 18 and older, reveals that positive evaluations of President Lee's performance have increased by 1.7 percentage points compared to the previous week, while negative evaluations have decreased by the same amount. The gap between positive and negative feedback has widened to 21 percentage points, a significant change from the previous week's 17.6%. This growing support has been particularly notable among residents of Seoul and the Incheon-Gyeonggi area, as well as among younger voters in their 40s.
Analysts attributed the boost in approval ratings to a combination of factors including a robust stock market, which saw significant gains with the KOSPI index surpassing the 5800 mark, and the government's push for normalization in the housing market, particularly in response to multi-homeowner lending restrictions. The rise in support from conservative voters and older individuals aged 70 and over indicates a broader acceptance of President Lee's policies, amidst ongoing economic improvements.
In addition to President Leeβs rising numbers, support for the Democratic Party has also climbed by 3.8 percentage points to 48.6%, while the opposition People's Power Party saw a decline of 3.5 percentage points down to 32.6%. This marked an increasing gap between the two parties from 8.7 to 16 percentage points, reinforcing the Democratic Party's lead in the polls. The positive sentiment towards the ruling party is further boosted by political developments surrounding former President Yoon Seok-yeol, including movements against him and the Democratic Party's proactive housing policies. Meanwhile, the People's Power Party faces internal challenges and scandals that have impacted its support.