Lee’s approval rating falls 1 percentage point to 35.9% ... “KOSPI’s fall below 5,000 among factors” [Realmeter]

[Financial News] With President Lee Jae Myung’s approval rating for his handling of state affairs tallied at 35.9%, down 1.0 percentage point from the previous week, one analysis cited a sharp drop in the stock market following the KOSPI’s fall below 5,000, among other factors, as a reason for the decline.
On the 9th, Realmeter reported that a survey of 2,528 people nationwide aged 18 and older, conducted from the 2nd to the 6th at the request of Asia Economy, found that 60.6% viewed President Lee’s performance in office negatively, up 0.5 percentage point from the previous week. “Don’t know” responses accounted for 3.4%.
Realmeter said it believed the president’s approval rating had fallen amid increasingly intense confrontation between the ruling and opposition parties after the Special Counsel Act on Fabricated Prosecution was pushed through, compounded by financial-market uncertainty, including a sharp stock-market drop after the KOSPI fell below 5,000 late in the week and controversy over losses at the National Pension Service.
Positive assessments of President Lee’s performance in office have remained in the 30% range for 11 consecutive weeks, since they first reached that range in a survey for the fourth week of August, released on August 31.
By region, the figure was 23.2% in Daegu–Gyeongbuk, down 8.4 percentage points from the previous week. It fell 3.8 points to 53.8% in South Jeolla Province, Gwangju and Jeonbuk State, and 3.0 points to 33.8% in Incheon and Gyeonggi Province. It rose 10.0 points to 40.6% in the Daejeon, Sejong and Chungcheong region, and 3.8 points to 38.5% in the Busan–Ulsan–Gyeongnam region.
By age group, the figure fell 3.0 percentage points to 40.1% among people in their 60s and 2.7 points to 23.4% among those in their 30s. It declined 2.4 points to 36.5% among people aged 70 and older, while rising 2.5 points to 41.6% among those in their 50s.
In a separate survey of party support conducted on the 5th and 6th among 1,006 people nationwide aged 18 and older, the People Power Party recorded 39.7% and the Democratic Party of Korea 36.5%. Support for the People Power Party fell 0.5 percentage point from the previous week, while support for the Democratic Party fell 1.8 points. The 3.2-point gap between the two parties was within the margin of error.
The Rebuilding Korea Party stood at 6.9%, the New Reform Party at 2.7%, and the Progressive Party at 1.1%. Other parties accounted for 2.0%, while those with no party affiliation made up 11.1%.
Both surveys were conducted using a 100% wireless automated response (ARS) method. The margin of error for the presidential approval survey was ±1.9 percentage points at a 95% confidence level, and its response rate was 3.0%. The party-support survey had a margin of error of ±3.1 points at a 95% confidence level and a response rate of 3.2%. Further details are available on the Central Election Poll Deliberation Commission website.
[email protected] Seong Seok-woo Reporter