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President Lee's approval rating rises slightly after six-week decline

Created at 6 Jul · 12:30 AM1 source↑ Market-relevant
IN SHORT

President Lee Jae Myung's approval rating increased by 0.5 percentage point to 47 percent, marking the first rise in seven weeks, according to a Realmeter poll. Disapproval fell to 49.2 percent.

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Key Numbers

47 percentPresident Lee's approval rating
49.2 percentPresident Lee's disapproval rating
0.5 percentage pointIncrease in approval rating
0.3 percentage pointDecrease in disapproval rating
4,755 trillion wonInvestment plan for "three megaprojects"
US$3.11 trillionInvestment plan in USD
2 percentage pointsMargin of error for presidential approval poll
43 percentRuling Democratic Party support
2 percentage pointsIncrease in ruling party support
40.3 percentOpposition People Power Party support
1.7 percentage pointsDecrease in opposition party support
3.1 percentage pointsMargin of error for party support poll

Who's Involved

Lee Jae Myung
President of South Korea
Realmeter
Pollster for the survey
EKN newspaper
Commissioned the poll
Democratic Party
Ruling political party
People Power Party
Main opposition political party
President Lee's approval rating rises slightly after six-week decline

↳ Why This Matters

The slight increase in President Lee's approval rating and the shift in party support could influence upcoming policy decisions and political strategies, particularly in light of the significant investment initiatives announced by his administration.

Key facts

  • President Lee Jae Myung's approval rating increased to 47 percent.
  • Disapproval of his performance decreased to 49.2 percent.
  • The poll attributed the rebound partly to the government's "three megaprojects" initiative.
  • The ruling Democratic Party's support rose to 43 percent.
  • The opposition People Power Party's support fell to 40.3 percent.

President Lee Jae Myung's approval rating saw a slight increase, reaching 47 percent, marking the first uptick in seven weeks, according to a poll released Monday. The survey, commissioned by the EKN newspaper and conducted by Realmeter, indicated a 0.5 percentage point rise in approval and a 0.3 percentage point fall in disapproval, which stood at 49.2 percent.

Realmeter attributed the modest rebound to the government's announcement of a "three megaprojects" initiative, a substantial investment plan totaling 4,755 trillion won (US$3.11 trillion) focused on semiconductors, physical artificial intelligence, and AI data centers. However, the pollster noted that a sharp decline in stock prices and the weakening Korean won tempered the recovery in the president's approval ratings.

The weekly survey, which involved 2,525 individuals aged 18 and older from Monday to Friday, had a margin of error of plus or minus 2 percentage points at a 95 percent confidence level.

In a separate survey by Realmeter, the ruling Democratic Party's support increased by 2 percentage points to 43 percent compared to the previous week. Conversely, the main opposition People Power Party saw its support decline by 1.7 percentage points to 40.3 percent. This poll, conducted on 1,008 individuals on Thursday and Friday, had a margin of error of plus or minus 3.1 percentage points at a 95 percent confidence level.

Frequently asked questions

It is a 4,755 trillion-won (US$3.11 trillion) investment plan centered on semiconductors, physical artificial intelligence, and AI data centers.

The announcement of the "three megaprojects" initiative contributed to the rebound, while a decline in stock prices and the weak Korean won held it back.

The presidential approval poll had a margin of error of plus or minus 2 percentage points, while the party support poll had a margin of error of plus or minus 3.1 percentage points.

What Happens Next

01President Lee to review mega chip cluster project next week.

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Cadence

How It Developed

President Lee Jae Myung's approval rating rose 0.5 percentage point to 47 percent.
Disapproval of President Lee's performance fell 0.3 percentage point to 49.2 percent.
Support for the ruling Democratic Party gained 2 percentage points to 43 percent.
Support for the main opposition People Power Party shed 1.7 percentage points to 40.3 percent.

Sources

T1
Lee's approval rating inches up after 6-week decline: pollYonhap News Agency

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