President Lee Jae Myung approval rating rises to 56.5 percent this week, according to a major survey released on Monday. This marks a significant indicator of public support for the administration’s current economic direction. The latest figures show a steady upward trend for the South Korean leader.
The president’s approval rating rises by 0.7 percentage point compared to the previous week’s data. Realmeter conducted the survey for a local business news outlet from Monday through Friday. The poll involved 1,009 adults nationwide and carries a margin of error of plus or minus two percentage points. Respondents expressed their views with a 95 percent confidence level.
Conversely, the negative assessment of President Lee’s performance saw a slight decline. The disapproval rating fell by 0.2 percentage point, landing at 38.9 percent. This shift suggests a growing segment of the public now views his leadership favorably. The positive movement reflects recent policy initiatives and market conditions.
Realmeter analysts attribute this boost primarily to the government’s housing market interventions. Specifically, the administration moved to end a capital gains tax exemption for owners of multiple homes. This decisive action aims to curb speculative buying and stabilize soaring home prices. Many citizens see this as a concrete effort to address housing affordability.
Furthermore, the recent performance of the domestic stock market contributed to the positive sentiment. A rising stock market often bolsters consumer confidence and economic optimism. The combination of these factors created a favorable environment for the president. Therefore, the president’s approval rating rises as economic anxieties ease for some voters.
The survey results indicate that economic policy remains a key driver of political support. Voters appear responsive to government actions targeting the high cost of living. The housing market has been a critical issue for many South Korean families. Consequently, any perceived progress in this area directly impacts public opinion.
Political observers note that sustained economic improvements could solidify this trend. However, maintaining this momentum will require continued policy execution. The administration faces ongoing challenges from opposition parties and global economic headwinds. Nevertheless, the current data provides a positive signal for the Blue House.
The survey’s timing coincides with broader discussions about wealth inequality. The tax reforms target wealthy property owners specifically to cool the market. This approach resonates with the president’s base and moderate voters alike. As a result, the president’s approval rating rises amid these targeted economic measures.
Looking ahead, future surveys will reveal if this uptick represents a lasting shift. The government plans to introduce additional measures to support first-time home buyers. Market reactions to these policies will likely influence subsequent approval numbers. For now, the administration can claim a modest victory in public sentiment.
Realmeter’s weekly tracking provides a consistent barometer of political opinion. This particular survey stands out due to the clear correlation with economic policy. The data reinforces the link between governance and voter perception. Ultimately, the president’s approval rating rises because of tangible actions on the ground.
