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South Korean President Lee Jae-myungs Favorable Rating Dips Below 50% for First Time

According to Yonhap, a recent poll conducted by South Korean polling agency Realmeter on August 3 showed that President Lee Jae-myung had a favorable rating of 45.9%, setting a new record for the lowest since he took office.

Realmeter, commissioned by 'Energy Economic News', conducted a survey among 2,508 people aged 18 and above in South Korea from July 27th to 31st. The results showed that the rate of positive reviews for Li Zeming's policies decreased by 0.4 percentage points compared to last week, reaching 45.9%. The rate of negative reviews increased by 1 percentage point, reaching 50.5%, and this marked the first time the negative rate exceeded the positive rate outside the margin of error since Li Zeming took office as president.

Realmeter analysis indicates that Lee Jae-myung achieved certain results through meetings with leaders from multiple countries during his visits. However, negative reports related to the collapse of the Korean stock market, the launch of leveraged ETF products causing economic turmoil, adjustments to property tax policies, debates over the promotion of a constitutional amendment and the presidential term extension system, and the forced legislation to abolish prosecutor's supplementary investigations rights—all these political and economic issues have collectively contributed to a continuous decline in the positive ratings of Lee Jae-myung's governance.

In terms of regions, Incheon and Gyeonggi-do had a favorable evaluation rate of 43%, which is a decrease of 2.5 percentage points compared to the previous week; Busan, Ulsan, and Gyeongsangnam-do had a rate of 43.5%, showing a decrease of 1 percentage point. Daegu and Gyeongbuk showed an increase of 5.2 percentage points, reaching 35.3%. Daejeon, Sejong, and Chungcheong-do had an increase of 4.5 percentage points, reaching 46.8%.

Additionally, from July 30th to 31st, Realmeter conducted a party support rate survey among 1,002 voters aged 18 and above in South Korea. The results showed that the ruling party, the Common Democratic Party, had a support rate of 45.1%, which was an increase of 3.8 percentage points compared to the previous week. The largest opposition party, the National Party, had a support rate of 37.7%, a decrease of 2.9 percentage points. The gap between the two parties expanded from 0.7 percentage points the previous week to 7.4 percentage points.

The credibility of the governance evaluation survey is 95%, with a sampling error of ±2 percentage points, and an response rate of 3.8%. The credibility of the party support rate survey is 95%, with a sampling error of ±3.1 percentage points, and an response rate of 3.3%.