In a surprising turn of events, South Korean President Yoon Suk Yeol's political downfall has paved the way for his rival Lee Jae-myung to emerge as a frontrunner in the race for the nation's next leader. Following Yoon's controversial declaration of martial law and subsequent impeachment, public sentiment has shifted significantly in favor of Lee.
Recent polls by Gallup Korea show a sharp increase in support for Lee, with 37% of respondents now backing him as the next president, up from 29% just a few weeks ago. Meanwhile, Yoon's approval rating has plummeted to a record-low of 11%, further bolstering Lee's position.
The Democratic Party, to which Lee belongs, has also seen a surge in popularity, reaching a record-high of 48% in the latest poll. In contrast, support for Yoon's People Power Party remains stagnant at 24%. Additionally, concerns about the economy are on the rise, with 60% of respondents anticipating a deterioration in the coming year.
While the Constitutional Court deliberates on Yoon's impeachment motion, the prospect of fresh elections looms. If Yoon is ousted, a new election must be held within 60 days, providing an opportunity for Lee to make his bid for the presidency. However, Lee's own legal troubles may pose a hurdle, as an appellate court is currently reviewing his conviction for creating false claims during the 2021 presidential campaign.
The court is expected to deliver its verdict by February, potentially barring Lee from running for office for a decade if his conviction is upheld. With the political landscape in flux and public opinion shifting swiftly, the stage is set for a gripping and unpredictable presidential race in South Korea.