Seoul: President Lee Jae Myung’s approval rating has climbed to 54.5 percent, attributed to the robust performance of the stock market and efforts to stabilize the property market, as revealed in a recent survey.
According to Yonhap News Agency, the survey conducted by Realmeter and commissioned by a local business news outlet indicates a 1.4 percentage point increase in President Lee’s approval rating from the previous week. Concurrently, the negative assessment of his performance fell by 1.4 percentage points to 40.7 percent. The survey highlights that support among self-employed workers and homemakers saw a significant rise, influenced by the Korea Composite Stock Price Index and the secondary KOSDAQ index reaching new peaks.
The pollster noted that President Lee’s initiative to reinstate higher capital gains tax for multiple home owners, aimed at mitigating the overheating housing market, also bolstered his support. The approval rating further expanded in the greater Seoul area following recent announcements of new real estate measures. These measures include the provision of an additional 60,000 housing units in the Seoul metropolitan area, primarily targeting young people and newly married couples.
The survey, conducted on 2,516 adults from Monday to Friday last week, carries a margin of error of plus or minus 2 percentage points and a confidence level of 95 percent. Additionally, a separate survey by the same pollster on 1,005 individuals aged 18 and over conducted on Thursday and Friday showed the ruling Democratic Party’s approval rating increased by 1.2 percentage points to 43.9 percent, while the main opposition People Power Party’s support declined by 2.5 percentage points to 37 percent. This poll has a margin of error of plus or minus 3.1 percentage points, with a confidence rate of 95 percent.