[PollPoll News] President Lee's Approval Rebounds to 54%... 55% Now Expect Housing Prices to Rise

Gallup Poll Results

President Lee's Approval Rating Rises by 3 Percentage Points from Last Week

Outlook for Housing Prices Shifts from Downward to Upward Trend

A recent public opinion poll showed that President Lee Jae-myung's approval rating for his job performance, which had been declining after the local elections, has rebounded to the mid-50% range.

According to a regular poll released by Gallup Korea on July 3, which was conducted from June 30 to July 2 via telephone interviews with 1,005 people aged 18 and older nationwide (with a margin of error of ±3.1 percentage points at a 95% confidence level and a response rate of 10.2%), 54% of respondents said that President Lee is "doing a good job." This marks a 3 percentage point increase from last week’s survey, which stood at 51%. Evaluations of President Lee’s job performance had shown a downward trend after reaching 64% in the third week of May before the local elections, falling to 57% in the second week of June and then to 51% in the fourth week of June.

The negative evaluation, or the percentage of those saying he is "doing a poor job," stood at 36%, down 5 percentage points from the previous survey.

Gallup explained, "Among moderates, 58% viewed President Lee's job performance positively, while 33% viewed it negatively." By age group, the positive evaluation was low at 41% among people in their 20s and 70s, but stood at 48% for those in their 30s, 65% for those in their 40s, 69% for those in their 50s, and 57% for those in their 60s, showing notable differences by generation.

President Lee Jae-myung is speaking at the Senior Secretary Meeting held at the Blue House on the 2nd. Photo by Yonhap News Agency

In terms of party support, the Democratic Party of Korea maintained a 41% approval rating, the same as in the previous survey. The People Power Party's support dropped by 1 percentage point to 26%. The Rebuilding Korea Party and the Reform Party each recorded 2%, while the Progressive Party and the Basic Income Party each recorded 1%.

This survey also included questions about real estate. When asked about the outlook for housing prices over the next year, 55% responded that prices would rise, while 14% expected them to fall. In contrast, back in March of this year, a larger share believed prices would decline (46%) rather than increase (29%), indicating a shift in perceptions of the real estate market.

Rent prices—including monthly and lump-sum deposits—were also expected to rise. Some 65% of respondents predicted an increase in rent, while 8% expected a decrease, and 19% anticipated no change.

Regarding real estate policy, only 26% responded that the government is "doing well," while 46% said it is "doing poorly."

When it comes to the Jeonse (lump-sum deposit lease) system, 54% said "it has more advantages and should continue in the future," compared to 28% who said "it has more disadvantages and should be abolished in the future." Gallup explained, "Most respondent groups, including progressives, leaned toward seeing the Jeonse system as necessary."

For more details on the poll, please refer to the website of the National Election Survey Deliberation Commission.

This content was produced with the assistance of AI translation services.