South Korea’s leader rules out term extension

South Korean President Lee Jae Myung has firmly rejected any possibility of extending his constitutionally limited one-term presidency, despite initial speculation from himself and his allies. Critics have pointed out that a second term would prolong a series of criminal trials, including bribery charges involving a company allegedly transferring $8 million to North Korea.

The current five-year presidential term, established in 1987, was designed to prevent the accumulation of presidential power following years of authoritarian rule. In August, Lee suggested a four-year term with the possibility of re-election, but also proposed shifting some presidential powers to the parliament. National Assembly Speaker Cho Jeong-sik, a former ally, suggested in July that a vote should determine if a president could seek another term under a revised constitution.

During a state visit to France, Lee reiterated that his term is strictly limited by the constitution, prompting his spokesperson to clarify that his remarks indicate any attempt to pursue re-election through constitutional amendment is entirely implausible. The opposition People Power Party has accused Lee and his allies of secretly considering a constitutional amendment to enable him to stay in power.

Attempts to extend presidential terms since the 1987 constitution revision have consistently failed due to strong political opposition. Lee's remarks coincide with a decline in his approval rating, which hit its lowest point since his inauguration, according to a recent Gallup Korea poll, at 40%.