Approval at 45%, Housing Anger at 28%: What South Korea's Cabinet Reshuffle Really Signals
President Lee Jae-myung replaced six ministers as his approval rating sank to 45%. The data and disputes behind South Korea's biggest reshuffle yet.
President Lee Jae-myung replaced six ministers as his approval rating sank to 45%. The data and disputes behind South Korea's biggest reshuffle yet.
We split the amended act's 20-day preparation period from its 180-day maximum investigation period. Then, in plain words: what the 690-day total, the 2.709 billion won cost estimate and two warrant rejection rates from different dates each mean.
KOSPI spiked 5% to 7,166 intraday but closed at 6,797.70, up just 0.74% — JPMorgan puts the margin unwind at 75% done. Plus why a 10m won fine could unseat Seoul's mayor, and why a 10-month diplomat data breach was disclosed 5 months late.
KOSPI bounced back 3.56% to 6,747.95 one day after its 4.46% crash. The three forces behind the rebound, a 30-day special counsel extension that ended a 50-day parliamentary standoff, and 120mm more rain on saturated ground — with context the headlines skip.
North Korea's foreign minister made her first official visit to Russia in 9 months, and a Gallup Korea poll found 61% want prosecutors to keep supplementary investigation powers. Plus Samsung's first AI glasses due July 22 — three issues unpacked with data the original reports left out.