President Lee Jae-myung, who took office in 2025, continues to exercise full presidential authority in October 2026 with no active impeachment proceedings, resignation signals, or term-ending events on the horizon. His administration has advanced constitutional reform discussions focused on enshrining democratization movements while repeatedly ruling out changes that would enable his own reelection, citing the required supermajority in the National Assembly and explicit constitutional limits on applying amendments to the incumbent. Recent actions include cabinet adjustments to address housing and economic priorities amid approval ratings near 40 percent, alongside the suspension of prior legal cases under Article 84 immunity protections. These factors underpin trader consensus that he will complete 2026 in office, consistent with the standard five-year single-term structure.