58 mins ago

South Korea's Lee Faces Record Low Approval Amid Housing Woes

South Korea's Lee Faces Record Low Approval Amid Housing Woes
South Korean President Lee hits new approval low as housing discontent grows · CNBC TV 18

South Korean President Lee Jae-myung's approval rating has dropped to a new low.

A recent survey shows that 63.3% of people disapprove of his performance, while only 33.8% approve.

People are unhappy with his housing policies and some of his cabinet appointments.

Lee has not commented much on his falling popularity but says he focuses on long-term goals.

Some of his supporters are worried that this decline might affect the next election in two years.

The main issue is housing, where Lee has tried to control property prices but critics say this has made it harder for people to buy homes.

There's also a debate about turning a large area in Seoul into a park or more housing.

Key facts

President
Lee Jae-myung
Approval Rating
33.8%
Disapproval Rating
63.3%
Key Issue
Housing policy
Term Duration
Five years
Next Election
Two years
Yongsan District Land
2,800 acres
Parkland Size
740 acres

Quotes

Lee Jae-myung

President of South Korea

“There's no point talking about a goal for what kind of support I'd like to get. I'm going to do my best with the expectation that it'll be higher when I finish.”
CNBC TV 18 theprint.in
“We look at this as a compound result of various policy issues such as real estate and the stock market as well as political issues.”
CNBC TV 18 theprint.in

Sources

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