SEOUL, Sept. 3 (Yonhap) -- A slight majority of South Koreans approve of the Cabinet reshuffle that President Moon Jae-in carried out last week, even though his approval ratings continued to slide to the lowest levels, surveys showed Monday.

Moon nominated a new defense minister and four other Cabinet members in Thursday's reshuffle that was seen as aimed at shoring up dwindling public support for the administration amid the deepening economic slump.

According to a survey of 500 adults conducted by Realmeter a day after the shakeup, 50.8 percent of the respondents approved of the reshuffle, while 28 percent gave a negative assessment. The survey had a margin of error of plus or minus 4.4 percentage points.

A separate survey by Realmeter of 2,507 people from Monday through Friday last week also showed that Moon's approval rating fell for the third consecutive week to 55.2 percent, 0.8 percentage point down from a week earlier.

Those who gave a negative assessment of the way Moon handles state affairs accounted for 40 percent, 1.9 percentage point up from a week earlier. It marked the first time the negative viewers have exceeded the 40 percent mark.

Disputes over the administration's "income-led" growth policy and rising housing prices are believed to have contributed to the fall, Realmeter said.

The ruling Democratic Party also saw its approval rating fall 0.5 percentage point to 41.4 percent, while the main opposition Liberty Korea Party's rating also fell 1.7 percentage point to 18.8 percent, the survey showed.

Source: Yonhap News Agency