2026 South Korean Local Elections: Party Winner

2026 South Korean Local Elections: Party Winner is a prediction market on which political party will win the most head of local government races in South Korea’s upper-level local elections. The forecast covers mayoral contests in Seoul, Busan, Daegu, Incheon, Gwangju, Daejeon, Ulsan, and Sejong, plus governor races in Gyeonggi, North Chungcheong, South Chungcheong, North Jeolla, South Jeolla, North Gyeongsang, South Gyeongsang, Jeju, and Gangwon. The election is scheduled for June 3, 2026, and the market will resolve when official results make it mathematically impossible for another party to overtake the leader. Independent candidates do not count toward any party total.

This event matters because it offers a clean party-level read on South Korea’s local political landscape, with market sentiment reflecting traders’ expectations across the country’s major urban and provincial contests. As of the latest data, the market-implied probability is 98.25%, indicating a strong consensus on the expected outcome, though the final result will depend on official reporting from the National Election Commission. If results are delayed, the market remains open until the election outcome is known or until the January 31, 2027 deadline for resolution based on available results.