South Korean President's Approval Rating Falls Amid Stock Market Decline

ME News reports that on July 29 (UTC+8), South Korea’s stock market continued its decline, with retail investors appearing to fall into extreme panic. On Daum, Korea’s leading stock forum, retail investors voiced widespread distress, with dominant sentiments centered on “regretting buying the dip” and “criticizing inadequate regulation.” Additionally, a public opinion poll released on the 27th showed that President Yoon Suk Yeol’s approval rating has declined for two consecutive weeks and remains around 40%. Research firm Realmeter analyzed: “The downward trend this week appears to be continuing, driven by negative economic factors such as the stock market crash, strong public opposition to housing issues—including the Pundang mortgage sales controversy and remarks on increased property taxes—as well as policy conflicts surrounding leveraged ETFs and expanded investigative powers.” (Source: BlockBeats)