How many South Korean mayor/governor races will DP win?

How many South Korean mayor/governor races will DP win? is a political prediction market on the June 3, 2026 South Korean local elections, which will decide mayoral and gubernatorial contests across the country’s upper-level local governments. The market forecasts how many of these races will be won by the Democratic Party (DP), using official candidate nominations and election results for cities such as Seoul, Busan, Incheon, and Sejong, as well as provinces including Gyeonggi, North Jeolla, South Jeolla, and Jeju. Independent candidates do not count toward any party total. This event matters because it offers a clear read on South Korea’s local political balance and broader market sentiment ahead of a major nationwide vote. Traders are currently pricing the DP’s chances at about 10.5%, suggesting the expected outcome is relatively limited but not impossible. The market will resolve after the election results are known, with a fallback deadline of January 31, 2027, if results remain unavailable. As a political forecast, it reflects how participants interpret the odds of DP performance across South Korea’s mayoral and governor races.