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What to Know About South Korea’s Elections

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South Koreans head to the polls on Wednesday to elect mayors and provincial governors in a vote seen as a referendum on President Lee Jae Myung’s popularity and a crucial test for the beleaguered conservative opposition.​ Recent surveys suggest that Mr. Lee’s center-left Democratic Party is favored to win a majority of ​the races​, in the first nationwide election​s ​since he took office. Analysts are focusing on what the margin of victory ​will be. Four years ago, the conservative People Power Party swept the last local elections in a landslide. Its standing has collapsed since its leader, then President Yoon Suk Yeol, ​made a widely condemned ​decision to impose martial law​ in late 2024. He was eventually ​removed from office and sentenced to​ life imprisonment on insurrection charges. Mr. Lee assumed the presidency a year ago​ and has since gained popularity, helped by pragmatic diplomacy and an unprecedented rally in the domestic stock market.