Moon's Approval Rating Plummets Over Economic Policy

  • By Hong Young-lim

    August 13, 2018 12:34

    President Moon Jae-in's approval rating has fallen more than 20 percentage points since the local elections in June.

    According to a poll by Gallup Korea on Friday, Moon's approval rating fell to an eight-week low of 58 percent. It soared to 79 percent in mid-June, just after the local elections. A Realmeter poll a day earlier also showed Moon's approval rating at 58 percent.

    Moon Jae-in /Newsis

    The proportion of people who disapprove of how Moon runs the country rose from 12 to 31 percent over the same period, while the approval rating of the ruling Minjoo Party plunged to 40 percent, the lowest since the presidential election last year.

    A Gallup Korea staffer said, "Disappointment over the nation's worsening economy is behind the declining approval rating."

    Some 40 percent of respondents were disappointed with Moon's ineffective handling of the economy, 10 percent about his push to raise the minimum wage and four percent with his "excessive" welfare policies.

    The proportion with a pessimistic outlook on the economy surged to 44 percent. Also, 28 percent felt living conditions will deteriorate, against 18 percent who felt they will improve. Some 56 percent felt unemployment will rise while 18 percent felt it will decline.

    The poll was conducted among 1,003 adults across the nation last week.

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