Lee's approval rating hits record low since inauguration: poll

President Lee Jae Myung's approval rating dropped to its lowest point since taking office, according to a recent poll. The National Barometer Survey, conducted from Monday to Wednesday, revealed that Lee's support among the public had plummeted to 49 percent, a 4-point decline from the previous survey conducted two weeks prior. This marks the first time his approval rating has fallen below the 50 percent mark in the biweekly survey.

Disapproval of his performance rose significantly to 43 percent. Respondents' opinions on the government's real estate policies were predominantly negative, with 56 percent stating that the current administration was not doing a good job, while only 34 percent offered positive assessments. The poll also indicated that 46 percent of those surveyed supported the government's recently introduced property tax revision plan, compared to 41 percent who opposed it.

When asked about the anticipated impact of the tax revision, 55 percent of respondents expected an increase in jeonse and monthly rental prices, while 27 percent predicted little change, and 8 percent believed there would be a decline in rental prices. Jeonse is a unique housing rental system in South Korea, where tenants make a substantial lump-sum deposit that is fully returned at the end of the lease term.